Navratna Companies are a group of companies in the Central Public Sector Enterprises (CPSEs) that have enhanced financial autonomy.
Initially, the government awarded the status of Navratna to nine public sector companies’, over the years, the list of Navratna companies has expanded to 14.
The Government of India awards certain status to leading Central Public Sector Enterprises under three important categories, these categories are known as:
- Maharatna companies
- Navratna companies
- Miniratna companies
Navratna Companies have the freedom to invest 30% of their net worth in a whole year up to an amount of up to ₹1,000 crores without requiring explicit government approval. Navratna companies have some comparative advantages too when competing in the global market.
Eligibility criteria for Navratna companies:
- The company must achieve a score of at least 60 out of 100 in the parameters like; net worth, net profit, the total cost of production, total manpower cost, cost of services, capital employed, and PBDIT (Profit Before Depreciation, Interest, and Taxes).
- The company must have the Miniratna status.
- Company should have four independent board directors.
These Navratna companies are recognized by the government of India and have several benefits, here is the list of 14 Navratna Companies in India 2022:
|Serial No.||Company Name|
|1||Shipping Corporation of India (SCI)|
|2||Hindustan Aeronautics Limited (HAL)|
|3||Rashtriya Ispat Nigam Limited (RINL)|
|4||Engineers India Limited (EIL)|
|5||National Mineral Development Corporation (NMDC)|
|6||Bharat Electronics Limited (BHEL)|
|7||National Buildings Construction Corporation (NBCC)|
|8||Oil India Limited (OIL)|
|9||Mahanagar Telephone Nigam Limited (MTNL)|
|10||Container Corporation of India (CONCOR)|
|11||National Aluminium Company (NALCO)|
|12||Rural Electrification Corporation (REC)|
|13||NLC India Limited (NLCIL)|
|14||Power Finance Corporation (PFC)|
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