PSUs Types ?
Three types of PSUs are in India:-
A.)What Is a Maharatna ?
A company qualifying for the Maharatna – should have an average annual turnover of Rs 20,000 crore during the last three years against Rs 25,000 crore prescribed earlier. The average annual net worth of the company should be Rs 10,000 crore.
List of Maharatna
- Coal India Limited
- Indian Oil Corporation
- NTPC Limited
- Steel Authority of India limited
- Bharat Heavy Electricals Limited
- GAIL (India) Limited
- Oil and Natural Gas Corporation
B) What Is a Navratna ?
The Navratna status empowers PSEs to invest up to Rs. 1000 crore 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.
List of Navratna
- Engineers India Limited
- Bharat Electronics Limited
- Bharat Petroleum Corporation Limited
- Hindustan Aeronautics Limited
- Hindustan Petroleum Corporation Limited
- Mahanagar Telephone Nigam Limited
- National Aluminium Company Limited
- National Mineral Development Corporation Limited
- Neyveli Lignite Corporation Limited
- Oil India Limited
- Power Finance Corporation Limited
- Container Corporation of India Limited
- National Buildings Construction Corporation Limited
- Power Grid Corporation of India Limited
- Rashtriya Ispat Nigam Limited
- Rural Electrification Corporation Limited
- Shipping Corporation of India Limited
C) What Is a Miniratna?
For Miniratna category I status, the CPSE(Central Public Sector Enterprises) should have made profit in the last three years continuously, the pre-tax profit should have been Rs. 30 crores or more in at least one of the three years and should have a positive net worth. For category II, the CPSE should have made profit for the last three years continuously and should have a positive net worth.
Miniratnas can enter into joint ventures, set subsidiary companies and overseas offices but with certain conditions. This designation applies to PSEs that have made profits continuously for the last three years or earned a net profit of Rs. 30 crore or more in one of the three years.
Miniratna Category-II CPSEs
Category II miniratnas have autonomy to incurring the capital expenditure without government approval up to Rs. 300 crore or up to 50% of their net worth whichever is lower.