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ASSIGNMENT-II

NAVRATNA, MINIRATNA,
MAHARATNA COMPANIES &
BOARD OF DIRESTORS

SUBMITTED BY
NAME: S.S.L.HANITHA
ROLL NO: 031
PGDM-A
Navratna
The Navratna status is offered to PSEs, which gives a company
enhanced financial and operational autonomy and empowers it 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. They will also have the freedom to enter joint
ventures, form alliances and float subsidiaries abroad.
Criteria

Navratna status is conferred by Department of Public Enterprises.


To be qualified as a Navratna, the company must obtain a score
of 60 (out of 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 have four
independent directors on its board before it can be made a
Navratna.[3]
List of Navratnas

The original list of 1997 included ECIL, BHEL, BPCL, HPCL, IOC,
IPCL, NTPC, ONGC, SAIL and VSNL, of which Indian Petrochemicals
Corporation Limited (IPCL) and Videsh Sanchar Nigam Ltd (VSNL)
were later privatised. GAIL and MTNL joined the list in November
1997.[4] In June 2007 the government awarded the coveted status
to three more PSEs: BEL, HAL and Power Finance
Corporation (PFC).
The incumbents of this group as of 30.09.2010[5] are:

1. Bharat Heavy Electricals Limited (BHEL)


2. Bharat Petroleum Corporation Limited (BPCL)
3. Hindustan Petroleum Corporation Limited (HPCL)
4. Indian Oil Limited (IOL)
5. Mahanagar Telephone Nigam Limited (MTNL)
6. Oil and Natural Gas Corporation (ONGC)
7. National Thermal Power Corporation (NTPC)
8. Steel Authority of India Limited (SAIL)
9. Gas Authority of India Limited (GAIL)
10. Bharat Electronics Limited (BEL)
11. Hindustan Aeronautical Limited (HAL)
12. Power Finance Corporation (PFC)
13. National Mineral Development Corporation (NMDC)
14. Power Grid Corporation of India Limited (PGCIL)
15. Rural Electrification Corporation (REC)
16. National Aluminum Company Limited (NALCO)
17. Shipping Corporation of India (SCI)
18. Coal India Limited (CIL)
19. Rashtriya Ispat Nigam Limited (RINL)
20. Oil India Limited (OIL)

Miniratnas
In addition, the government created another category called
Miniratna. Miniratnas can also enter into joint ventures, set
subsidiary companies and overseas offices but with certain
conditions. In 2002, there were 61 government enterprises that
were awarded Miniratna status.However, at Present, there are 42
government enterprises that were awarded Miniratna status.
Category I
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. These miniratnas
granted certain autonomy like incurring capital expenditure
without government approval up to Rs. 500 crore or equal to their
net worth, whichever is lower.
1. Airports Authority of India
2. Balmer Lawrie & Co. Limited
3. Bharat Dynamics Limited
4. BEML Limited
5. Bharat Sanchar Nigam Limited
6. Bridge & Roof Company (India) Limited
7. Central Warehousing Corporation
8. Central Coalfields Limited
9. Chennai Petroleum Corporation Limited
10. Cochin Shipyard Limited
11. Container Corporation of India Limited
12. Dredging Corporation of India Limited
13. Engineers India Limited
14. Ennore Ports Limited
15. Garden Reach Shipbuilders & Engineers Limited
16. Goa Shipyard Limited
17. Hindustan Copper Limited
18. Hindustan Latex Limited
19. Hindustan Newsprint Limited
20. Hindustan Paper Corporation Limited
21. Housing & Urban Development Corporation Limited
22. India Tourism Development Corporation Limited
23. Indian Railway Catering & Tourism Corporation Limited
24. IRCON International Limited
25. Kudremukh Iron Ore Company Limited
26. Mazagaon Docks Limited
27. Mahanadi Coalfields Limited
28. Manganese Ore India Limited
29. Mangalore Refinery & Petrochemicals Limited
30. Mishra Dhatu Nigam Limited
31. MMTC Limited
32. MSTC Limited
33. National Fertilizers Limited
34. Neyveli Lignite Corporation
35. NHPC Limited
36. Northern Coalfields Limited
37. Numaligarh Refinery Limited
38. Rashtriya Chemicals & Fertilizers Limited
39. Rashtriya Ispat Nigam Limited
40. RITES Limited
41. Satluj Jal Vidyut Nigam Limited
42. Security Printing and Minting Corporation of India Limited
43. South Eastern Coalfields Limited
44. State Trading Corporation of India Limited
45. Tehri Hydro Development Corporation Limited
46. Telecommunications Consultants (India) Limited
47. Western Coalfields Limited
Category II
This category include those PSEs which have made profits for the
last three years continuously and should have a positive net
worth. 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.
48. Bharat Pumps & Compressors Limited
49. Broadcast Engineering Consultants (I) Limited
50. Central Mine Planning & Design Institute Limited
51. Educational Consultants (I) Limited
52. Engineering Projects (I) Limited
53. Ferro Scrap Nigam Limited
54. HMT (International) Limited
55. HSCC (India) Limited
56. India Trade Promotion Organization
57. Indian Medicines Pharmaceuticals Corporation Limited
58. M E C O N Limited
59. National Film Development Corporation Limited
60. P E C Limited
61. Rajasthan Electronics & Instruments Limited
62. Water & Power Consultancy (India) Limited

Maharatna
In 2009, the government established the Maharatna status, which
raises a company's investment ceiling from Rs. 1,000 crore to Rs.
5,000 crore.[6] The Maharatna firms would now be free to decide
on investments up to 15 per cent of their net worth in a project.
Earlier, the Navaratna companies could invest up to Rs 1,000
crore without government approvals.
Criteria
In order to qualify as a Maharatna, the process is bottoms up. This
means the lowest employee should be proud of his/her company
and contribute to the same according to the global standards.
List of Maharatna
The incumbents of this group as of 30.09.2010 are:

1. Indian Oil Corporation Limited


2. NTPC Limited
3. Oil & Natural Gas Corporation Limited
4. Steel Authority of India Limited

Steel Authority Of India


Steel Authority of India Limited (SAIL) is the leading steel-
making company in India. It is a fully integrated iron and steel
maker, producing both basic and special steels for domestic
construction, engineering, power, railway, automotive and
defence industries and for sale in export markets.

BOARD OF DIRECTORS OF A COMPANY: SAIL

Director Name Designation


C S Verma Chairman

V K Srivastava Managing Director

S N Singh Managing Director


G Elias Govt.of India Nominee

Director - Part time(Non Official)-


Deepak Nayyar
Independent Director

B B Singh Director - Personnel

V K Gulhati Director - Technical

Soiles Bhattacharya Director - Finance

P K Bajaj Director

S S Ahmed Director - Commercial

Director - Part time(Non Official)-


A K Goswami
Independent Director

Devinder Kumar Company Secretary

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