Match the following considering the classification of the Central Public Sector Enterprises

List -I	List - II
1. Maharatna	A. The company must have a ‘Miniratna Category – I‘ status along with a Schedule ‘A’ listing.
2. Navratna	B. A profit RS 30 crore or more in one of the preceding three years.
3. Miniratna	C. Average annual turnover of more than Rs. 25,000 crore.

The correct answer is 1(C), 2(A), 3(B).

Key Points

• CPSEs are classified into 3 categories: Maharatna, Navratna, and Miniratna.
• Eligibility Criteria to be considered for grant of Maharatna status:
  • Having Navratna status.
  • Listed on the Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
  • Average annual turnover of more than Rs. 25,000 crore, during the last 3 years.
  • The average annual net worth of more than Rs. 15,000 crore, during the last 3 years.
  • Average annual net profit after tax of more than Rs. 5,000 crore, during the last 3 years.
  • Should have a significant global presence/international operations.
  • There are ten ‘Maharatna’ CPSEs: Bharat Heavy Electricals Limited, Coal India Limited, GAIL (India) Limited, Indian Oil Corporation Limited, NTPC Limited, Oil & Natural Gas Corporation Limited, Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL), Power Grid Corporation of India (POWERGRID), and Steel Authority of India Limited.
• Eligibility Criteria to be considered for grant of Navratna status:
  • The Miniratna Category – I and Schedule ‘A’ CPSEs, which have obtained ‘excellent’ or ‘very good’ rating under the Memorandum of Understanding system in three of the last five years, and have a composite score of 60 or above in the six selected performance parameters, namely,
    • net profit to net worth,
    • manpower cost to total cost of production/services,
    • profit before depreciation, interest, and taxes to capital employed,
    • profit before interest and taxes to turnover,
    • earning per share,
    • inter-sectoral performance.
       
• Eligibility Criteria to be considered for grant of Miniratna status:
  • Category –I CPSEs should have made a 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.
  • Category-II CPSEs should have made a profit for the last three years continuously and should have a positive net worth.
  • These CPSEs shall be eligible for the enhanced delegated powers provided they have not defaulted in the repayment of loans/interest payment on any loans due to the Government.