Criteria for grant of Maharatna, Navratna and Miniratna status

Criteria for grant of Maharatna status to Central Public Sector Enterprises (CPSEs):

• The CPSEs meeting the following criteria are eligible to be considered for grant of Maharatna status. 
  • Having Navratna status;
  • Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations;
  • An average annual turnover of more than Rs. 25,000 crore during the last 3 years;
  • An average annual net worth of more than Rs. 15,000 crore during the last 3 years;
  • An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years;
  • Should have significant global presence/international operations.

Criteria for grant of Navratna status to CPSEs

• The CPSEs which are Miniratna I, Schedule ‘A’ and have obtained ‘excellent’ or ‘very good’ Memorandum of Understanding (MoU)  rating in three of the last five years and having composite score of 60 or above in following six selected performance indicators are eligible to be considered for grant of Navratna status.

Criteria for grant of Miniratna status to CPSEs

• Miniratna Category-I status:- The CPSEs which have made profit in the last three years continuously, pre-tax profit is Rs.30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status.
• Miniratna Category-II status:- The CPSEs which have made profit for the last three years continuously and have a positive net worth are eligible to be considered for grant of Miniratna-II status.
  • Miniratna CPSEs should have not defaulted in the repayment of loans/interest payment on any loans due to the Government.
  • Miniratna CPSEs shall not depend upon budgetary support or Government guarantees.

Why in News?

• NHPC Limited has been accorded with the status of ‘Navratna’ company by the Government of India. 
  • NHPC Limited is an Indian public sector hydropower company that was incorporated in 1975 to plan, promote and organise an integrated and efficient development of hydroelectric power. Recently it has expanded to include other sources of energy like solar, geothermal, tidal, and wind.

https://pib.gov.in/PressReleasePage.aspx?PRID=2050374