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Government PSE's are known by three names. Which of the following is NOT one of the names by which PSE's are identified?

Government PSE's are known by three names. Which of the following is NOT one of the names by which PSE's are identified? Correct Answer Pancharatna

The correct answer is Pancharatna.

Public Sector Enterprises are those organizations that are working under the Government Of India with the guidance of the Department of Public Enterprises of the Ministry of Heavy Industries and Public Enterprises. According to the status, the Government of Indi has conferred titles of Navratnas, Maharatnas, and Miniratnas. They have been classified into three categories:

Maharatnas:

The maharanis status is given to those Public Sector Undertakings which follow the minimum prescribed criteria listed down by the Securities Exchange Board of India (SEBI). In order to get the status of maharatnas the following conditions need to be fulfilled:

  • The average annual turnover of the PSU during the last 3 years is more than Rs. 25,000 crore.
  • The average annual net worth during the last 3 years is more than Rs. 15,000 crore.
  • The average annual net profit after tax during the last 3 years is more than Rs. 5,000 crore.
  • The company should have a significant global presence or international operations.

Currently, the total number of maharatnas in India are:

  • Bharat Heavy Electricals Limited
  • Coal India Limited
  • GAIL (India) Limited
  • Indian Oil Corporation Limited
  • NTPC Limited
  • Oil & Natural Gas Corporation Limited
  • Steel Authority of India Limited

Navratnas:

The navratnas status is given to those Public Sector Undertakings that strictly follow the guidelines laid down by the Government of India. The conditions which need to be fulfilled to be considered as a Navratna are:

  • The company must have ‘Miniratna Category – I‘ status along with a Schedule ‘A’ listing.
  • It should have at least 3 ‘Excellent’ or ‘Very Good’ Memorandum of Understanding (MoU) during the last five years.
  • Along with the above, it should also have a composite score of 60 or above out of possible 100 marks in the 6 selected performance parameters:-
    1. Net Profit to Net Worth (Maximum: 25)
    2. Manpower cost to cost of production or services (Maximum: 15)
    3. Gross margin as capital employed (Maximum: 15)
    4. Gross profit as Turnover (Maximum: 15)
    5. Earnings per Share (Maximum: 10)
    6. Inter-Sectoral comparison based on Net profit to net worth (Maximum: 20)

The list of Navratnas are as follows:

  • Bharat Electronics Limited (BEL)
  • Container Corporation of India (CONCOR)
  • Engineers India Limited (EIL)
  • Hindustan Aeronautics Limited (HAL)
  • Mahanagar Telephone Nigam Limited (MTNL)
  • National Aluminium Company (NALCO)
  • National Buildings Construction Corporation (NBCC)
  • National Mineral Development Corporation (NMDC)
  • NLC India Limited (Neyveli Lignite)
  • Oil India Limited (OIL)
  • Rashtriya Ispat Nigam Limited (RINL)
  • Rural Electrification Corporation (REC)
  • Shipping Corporation of India (SCI)

Miniratnas:

The miniratnas have their own set of conditions that need to be fulfilled to earn the status of miniratnas. These conditions are:

The Public Sector Enterprises that have shown profits in the last continuous three years and have positive net worth can be considered eligible for grant of Miniratna status.

The Miniratnas are divided into two categories (I and II).

Category One: The PSUs that have made profits in the previous three years or have generated a profit RS 30 crore or more in one of the preceding three years.

The list of Category-I miniratnas are:

  • Airports Authority of India (AAI)
  • Antrix Corporation
  • Balmer Lawrie
  • Bharat Coking Coal Limited (BCCL)
  • Bharat Dynamics Limited (BDL)
  • Bharat Earth Movers Limited (BEML)
  • Bharat Sanchar Nigam Limited (BSNL)
  • Bridge and Roof Company (India)
  • Central Electronics Limited
  • Central Warehousing Corporation
  • Central Coalfields Limited
  • Central Mine Planning & Design Institute Limited
  • Chennai Petroleum Corporation (CPCL)
  • Cochin Shipyard (CSL)
  • Cotton Corporation of India Limited (CCIL)
  • EdCIL (India) Limited
  • Garden Reach Shipbuilders & Engineers (GRSE)
  • Goa Shipyard (GSL)
  • Hindustan Copper (HCL)
  • HLL Lifecare
  • Hindustan Newsprint
  • Hindustan Paper Corporation Limited
  • Housing and Urban Development Corporation (HUDCO)
  • HSCC India Limited
  • Indian Tourism Development Corporation (ITDC)
  • Indian Rare Earths
  • Indian Railway Catering and Tourism Corporation (IRCTC)
  • Indian Railway Finance Corporation
  • Indian Renewable Energy Development Agency Limited
  • India Trade Promotion Organisation (ITPO)
  • Ircon International
  • Kudremukh Iron Ore Company (KIOCL)
  • Mazagon Dock Limited
  • Mahanadi Coalfields (MCL)
  • MOIL Limited
  • Mangalore Refinery and Petrochemicals Limited (MRPL)
  • Mineral Exploration Corporation Limited
  • Mishra Dhatu Nigam
  • MMTC Ltd.
  • MSTC Limited
  • National Fertilizers (NFL)
  • National Projects Construction Corporation
  • National Small Industries Corporation
  • National Seed Corporation (NSC)
  • NHPC Limited
  • Northern Coalfields (NCL)
  • North Eastern Electric Power Corporation Limited (NEEPCL)
  • Numaligarh Refinery
  • ONGC Videsh Limited
  • Pawan Hans Helicopters Limited
  • Projects and Development India Limited (PDIL)
  • RailTel Corporation of India
  • Rail Vikas Nigam Limited (RVNL)
  • Rashtriya Chemicals & Fertilizers (RCF)
  • RITES
  • SJVN Limited
  • Security Printing and Minting Corporation of India
  • South Eastern Coalfields (SECL)
  • Telecommunications Consultants India (TCIL)
  • THDC India Limited
  • Western Coalfields (WCL)
  • WAPCOS Limited

Category Two: The PSUs that have made profits in the preceding three years and have a positive net worth in all three preceding years.

The list of Category-II miniratnas are:

  • Artificial Limbs Manufacturing Corporation of India
  • Bharat Pumps & Compressors
  • Broadcast Engineering Consultants India Limited
  • Central Railside Warehouse Company Limited
  • Engineering Projects (India) Limited
  • FCI Aravali Gypsum and Minerals (India) Limited
  • Ferro Scrap Nigam Limited
  • HMT International Limited
  • Indian Medicines Pharmaceutical Corporation Limited
  • MECON
  • National Film Development Corporation of India (NFDC)
  • Rajasthan Electronics and Instruments Limited

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