:"See Navaratna for the talisman, set of stones and gems.":"See Nine Gems for the well-known navratnas of Akbar and Vikramaditya's courts."

Navratnas are the status given originally nine Public Sector Enterprisesor PSE, identified by the Government of India in 1997 as its crown jewels or the most prestigious PSEs, which allowed them greater autonomy to compete in the global market [ [ Original Govt. announcement about the Navratnas 1997] ] . The number of PSEs having navratna status has now been raised to 17, the most recent addition being Shipping Corporation of India.

Criterion of selection

Navratna status is conferred by Department of Public Enterprises. To be qualified as a Navratna, the company must obtain a score of 60(of the total 100).The score is based on six parameters which include net profit to net worth,total manpower cost to total cost of production or cost of services,PBDIT(Profit Before Depreciation,Interest and Taxes)to capital employed,PBDIT to turnover,EPS(Earning Per Share) and inter-sectoral performance. Additionally,a company must first be a miniratna and must have four independent directors on its board before it can be made a Navaratna [ [ Official guidelines for Navratnas and Miniratnas] ] .


The 'Navaratna' status offers a company enhanced financial and operational autonomy and empowers it to invest up to Rs. 1000 cr or 15% of their net worth on a single project without seeking government approval. In a year, these companies can spend up to 30% of their net worth not exceeding Rs. 1000 cr. They will also have the freedom to enter joint ventures, form alliances and float subsidiaries abroad.


In addition, the Government created another category called Miniratna. Miniratna can also enter into joint ventures, set subsidiary companies and overseas offices but with certain conditions. In 2002, there were 41 government enterprises that were awarded Miniratna status.

Four more PSUs - NALCO, NMDC, Power Grid Corporation and REC - would also be given Navratna status as soon as they fill all the vacancies for independent directors.NMDC has been turned into Navratna by the Government of India in march 2008.

Category I miniratna

This designation applies to PSEs that have made profits continuously for the last three years or earned a net profit of Rs 30 crores or more in one of the three years. these miniratnas granted certain autonomy like incurring capital expenditure without government approval up to Rs. 300 crores or equal totheir networth, whichever is lower.

Category II miniratna

This category include those PSEs which have made profits for the last three years continuously and should have a positive networth. Category I miniratnas have autonomy to incurring the capital expenditure without government approval up to Rs. 300 crores or up to 50% of their networth whichever is lower.


Originally Navaratna is talisman or an ornament comprising if nine precious gems. Later, this symbology was adopted in the courts of the ancient king Vikramaditya and the Mughal emperor Akbar, where the Navaratnas were a group of nine extraordinary people in a king's court.

The Navratnas List

The original list of 1997 included BHEL, BPCL, HPCL, IOC, IPCL, NTPC, ONGC, SAIL and VSNL, of which IPCL and Videsh Sanchar Nigam Ltd (VSNL) were later privatised. (GAIL) and (MTNL joined the list in November 1997 [ [ Addition to Navratna November 1997] ] . Later in June 22, 2007 the government awarded the coveted status to three more PSUs, viz. BEL, HAL and Power Finance Corporation (PFC).

The present 16 incumbents of this group as on 5.5.2008 [ [ Official List of Navratnas and miniratnas] ] are:

Main members

* Bharat Electronics Limited (BEL)
* Bharat Heavy Electricals Limited (BHEL)
* National Thermal Power Corporation (NTPC)
* Oil and Natural Gas Corporation Limited (ONGC)
* Gas Authority of India Limited (GAIL)
* Indian Oil Corporation (IOC)
* Bharat Petroleum (BPCL)
* Mahanagar Telephone Nigam Ltd. (MTNL)
* Hindustan Petroleum (HPCL)
* Steel Authority of India Limited (SAIL)
*Hindustan Aeronautics Limited ( HAL)
*Power Finance Corporation (PFC)
*National Mineral Development Corporation Limited ( [ NMDC] )

New members

*Power Grid Corporation of India Limited (POWERGRID)
*Rural Electrification Commission(REC)
*National Aluminium Company Limited (NALCO)
*Shipping Corporation of India


External links

* [ Official List of Navratnas]

Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Navratna — For the talisman, set of stones and gems, see Navaratna. For the well known navratnas of Akbar and Vikramaditya s courts, see Nine Gems. Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government …   Wikipedia

  • Navaratnas — See Navaratna for the talisman, set of stones and gems, and Hind Rattan for the award. See Navratnas for the corporations honored by the Indian Government. Navaratnas Nauratan (Sanskrit dvigu nava ratna or nine gems ) was a term applied to a… …   Wikipedia

  • Maha Navratna PSUs — are the biggest Public Sector Undertakings (PSU) s of India. Presently (ONGC , IOCL , NTPC , {{CIL}COAL INDIA LIMITED} and SAIL) these five are the officially declared Maha Navratnas Companies. Bharat Sanchar Nigam Ltd BSNL is expected to be the… …   Wikipedia

  • List of people from Uttar Pradesh — This is a list of famous and people from Uttar Pradesh, a state in India. The criteria of this list includes those persons who were born in the state of Uttar Pradesh and that part of the former United Provinces that now are part of the modern… …   Wikipedia

  • Man Singh I of Amber — Raja Shri Man Singh Ji Saheb (Man Singh I) (May 9, 1540 July 6,1614) was the Kacchwaha Rajah Saheb of Amber, a state later known as Jaipur. He was a trusted general of the Mughal emperor Akbar, who included him among the Navratnas, or the nine… …   Wikipedia

  • Bharat Heavy Electrical Limited, Ranipur — Infobox Indian Jurisdiction native name = Bharat Heavy Electrical Limited, Ranipur | type = city | latd = 29.96| longd = 78.16 state name = Uttarakhand district = Hardwar leader title = leader name = altitude = population as of = 2001 population… …   Wikipedia

  • Rewa, India — Infobox Indian Jurisdiction native name = Rewa | type = city | latd = 24.53 | longd = 81.3 locator position = right | state name = Madhya Pradesh district = Rewa leader title = leader name = altitude = 275 population as of = 2001 population total …   Wikipedia

  • Economic reforms in India — is something which is under close study. The phrase is commonly used to describe post 1991 events. The country however has seen a number of distinct eras, which had definite differences from the economic practices of the previous eras. In a sense …   Wikipedia

  • Public sector undertaking — In India, public sector undertaking (PSU) is a term used for a government owned corporation (company in the public sector). The term is used to refer to companies in which the government (either the Union Government or state or territorial… …   Wikipedia

  • Fakir Aziao-Din — Faqir Aziao Din (Faqir means Sage or Ascetic in Urdu)was one of Akbar s chief advisors, and belonged to his inner circle. Akbar regarded his advice in high esteem and included him among the nine gems of his court, or Navratnas …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”