Two Central Public Sector Enterprises (CPSE’s) are Oil India, which was earlier a Navratna company (now Maharatna), and ONGC Videsh, which was a Miniratna CPSE (now Navratna).
CPSEs are majorly classified into Maharatna, Navratna, Miniratna I, Miniratna II status. Department of Public Enterprises (is the nodal department for all the Central Public Sector Enterprises (CPSEs)
Criteria for Maharatna Status
Navratna status
Listed on Indian stock exchange
Annual turnover for 3years: Rs. 25,000 crore
4. Annual net worth for 3 years: Rs. 15,000 crore
Annual net profit for 3years: Rs. 5,000 crore
Significant global presence
Criteria for Navratna Status
1. CPSEs which are Miniratna I, Schedule ‘A’. 2. Obtained ‘excellent’ or ‘very good’ rating in 3 out of last 5 years 3. Composite score of 60 or above in following 6 performance indicators including
Net Profit to Net worth, Cost Services, Earning per share, etc.
Criteria for Miniratna Status
Miniratna Category-I status: - • Made profit in the last 3 years continuously • Pre-tax profit is Rs.30 crores or more in at least 1 of the 3 years
• Having Positive net worth status Miniratna Category-II status:
Made profit for the last 3 years continuously
Having positive net worth status.
Not defaulted in the repayment of loans/interest payment on any loans due to the Government. Not dependent upon budgetary support or Government guarantees.
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