Indian PSU Company – Maharatna Navratna and Miniratna – English Notes
PSU companies are divided into three categories
- Miniratna ( Category 1 and Category 2)
Indian PSU Company – MAHARATAN COMPANY
- The company already has a Navratna status.
- It’s listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
- The company should have an average annual turnover of more than Rs. 25,000 crore, during the last 3 years
- The average annual net worth of more than Rs. 15,000 crore, during the last 3 years.
- Average annual net profit after tax of more than Rs. 5,000 crore, during the last 3 years.
- The entity should have a significant global presence/international operations.
There are eight Maharatna PSUs, including BPCL (Bharat Petroleum Corporation Limited)that was recently added to the list.
- Bharat Heavy Electricals Limited (BHEL)
- Coal India Limited (CIL)
- Gas Authority of India Limited (GAIL)
- Indian Oil Corporation Limited (IOCL)
- National Thermal Power Corporation Limited (NTPC
- Oil and Natural Gas Corporation Limited (ONGC)
- Steel Authority of India Limited (SAIL)
- Bharat Petroleum Corporation Limited (BPCL)
Bharat Heavy Electricals Limited (BHEL):
- BHEL is the engineering and manufacturing company, involved in the design, engineering, construction, testing, commissioning and servicing and catering to the needs of the economy through power generation, transmission, industry, transportation, oil and gas, renewable energy, defense, energy storage solutions, etc.
- Bharat Heavy Electricals Limited (BHEL) owned and founded by the Government of India New Delhi, India. Established in 1964.
Coal India Limited(CIL):
- CIL is the largest coal-producing company in the world. Coal India operates through 81 mining areas in eight states in India. CIL further operates 15 coal washeries, out of which 12 are for coking coal and 3 are for non-coking coal with 23.30 MTY and 13.50 MTY capacities respectively. It also manages 200 other establishments like workshops, hospitals, training institutes, mine-rescue setups, etc.
- Coal India Limited (CIL)was founded by the Government of India and Established in 1975.
Gas Authority of India Limited (GAIL):
- GAIL is the natural gas processor and distributor company.
- GAIL has also made GATE score mandatory for the recruitment for the post of Executive Trainee. Engineering students of Chemical, Mechanical, Electrical, Instrumentation & Civil streams are eligible to apply.
- GAIL was conferred with the Maharatan status on 1 Feb 2013, by the Government of India.
Indian Oil Corporation Limited (IOCL):
- IOCL also is known as Indian oil is involved in refining, transportation, and marketing of petroleum products.
- It is the largest commercial oil company. Besides its core business, it is also engaged in the hydrocarbon value chain, exploration, and production of oil and gas and alternative energy resources.
- Indian government-owned an oil and gas company headquartered in New Delhi on 1959
National Thermal Power Corporation Limited (NTPC):
- NTPC is the largest power company, engaged in the generation of electricity. It contributes to 25% of the total power generation.
- The company is also involved in the consultancy and turnkey project which includes engineering, project management, construction management, and management of power plants.
- Apart from its core business, it is also involved in gas exploration and coal mining activities.
- It was founded by the Government of India in 1975.
Oil and Natural Gas Corporation Limited (ONGC):
- ONGC is the largest crude oil and natural gas company in India, contributing to 70% to Indian domestic production
- ONGC’s operations include conventional exploration and production, refining and progressive development of alternative energy sources like coal-bed methane and shale gas.
- ONGC was founded on 14 August 1956 by the Government of India.
Steel Authority of India Limited (SAIL):
- SAIL is the largest steel-making company. It produces steel and iron and owns five integrated plants and three special steel plants.
- It is according to the survey, one of the fastest-growing companies.
- SAIL traces its origin to the Hindustan Steel Limited (HSL) which was set up on 19 January 1954.
Bharat Petroleum Corporation Limited (BPCL):
- BPCL is the oil and gas company and also ranked as the 2nd largest oil company in India.
- It was founded in 1950 and its headquarter is in Mumbai
Indian PSU Company – NAVRATAN COMPANY
- A score of 60 (out of 100), based on six parameters which include net profit, net worth, total manpower cost, total cost of production, cost of services, PBDIT (Profit Before Depreciation, Interest, and Taxes), capital employed, etc.
- A company must first be a Miniratna and have 4 independent directors on its board before it can be made a Navratna.
There are 14 navratna companies list are Navratna companies in India.
1.Bharat Electronics Limited
- Container Corporation of India Limited
- Engineers India Limited
- Hindustan Aeronautics Limited
- Mahanagar Telephone Nigam Limited
- National Aluminium Company Limited
- NBCC (India) Limited
- NMDC Limited
- NLC India Limited
- Oil India Limited
- Power Finance Corporation Limited
- Rashtriya Ispat Nigam Limited
- Rural Electrification Corporation Limited
- Shipping Corporation of India Limited
Bharat Electronics Limited :
- Bhārat Electronics limiṭeḍ (BEL) is an Indian state-owned aerospace and defence company with about nine factories and several regional offices in India.
- It is owned by the Government of India and primarily manufactures advanced electronic products for the Indian armed forces.
- It has been granted Navratan status in 1954.
Container Corporation of India Ltd
- (CONCOR), is a Navratan public sector undertaking under the Indian ministry of railways.
- Incorporated in March 1988 under the Companies Act, CONCOR commenced operations in November 1989 taking over an existing network of seven inland container depots (ICDs) from Indian railways.
Engineers India Limited (EIL):
- It is a Navratan of the Government of India under the Ministry of Petroleum and Gas.
- It was set up in 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects.
Hindustan Aeronautics Limited (HAL):
- Indian state-owned aerospace and Defence company headquartered in Bangalore 2.
- Governed under the management of the Indian Ministry of Defence.
- founded in 1964.
National Aluminium Company Limited:
- It is also known as NALCO (incorporated in 1981) is a Navratna group having integrated and diversified operations in mining, metal, and power under the Ministry of Mines, Government of India.
- Presently, the Government of India holds 52% equity of NALCO.
- It is one of the largest integrated Bauxite-Alumina-Aluminium-Power Complex in the Country encompassing Bauxite mining, Alumina refining, aluminium Smelting and Casting power generation, rail and port operations.
National Buildings Construction Corporation Limited:
- It is a blue-chip Government of India Navratna enterprise and a central public sector undertaking which trades publicly in the market.
- The Company’s present areas of operations are categorized into three main segments, i.e.
- Project Management Consultancy (PMC), including the redevelopment of government properties,
- Engineering, Procurement & Construction (EPC) and
- Real estate Development.
- Previously known as National Mineral Development Corporation, is an Indian state controlled mineral producer.
- Owned by the government of India, under the administrative control of the Ministry of steel.
- Involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond,tin, tungsten, graphite. etc.
- India’s largest iron ore producer and exporter producing more than 35 million tons of iron ore from 3 fully mechanized mines in Chhattisgarh and Karnataka.
- operates the only mechanized diamond mine in the country at Panna in Madhya Pradesh.
- founded in 1958