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A PSU must first be a Miniratna and have 4 independent directors on its board before it can be made a Navratna. up to ₹1,000 crore or 15% of their net worth on a single project or 30% of their net worth in the whole year (not exceeding ₹1,000 crores). Miniratna Category-I
Miniratna Category - II 31 Cement Corporation of India: 1965 Ministry of Heavy Industries & Public Enterprises D/o Heavy Industries: New Delhi: Manufacturing Consumer goods 32 Central Coalfields Limited: 1975 Ministry of Coal: Jharkhand: Mining Coal & Lignite Miniratna Category - I 33 Central Cottage Industries Corporation of India Limited 1976
It is a Mini Ratna-I category PSU under the ownership of Ministry of Civil Aviation of the Government of India. It has cumulatively flown more than 1 million hours and has had 2.5 million landings on its fleet since its formation. The registered office is located in New Delhi.
"Best Mini Ratna" at Dun & Bradstreet PSU Awards 2016. Awarded Second Prize by Ministry of Home Affairs, Govt. of India for the year 2015–16 under "Rajbhasha Kirti Puruskar" scheme for commendable work in the implementation of Rajbhasha amongst Public Sector Undertakings located in Region 'A'.
In 2002, BEL became the first defence PSU to achieve operational Mini Ratna Category I status. In 2003, the company's turnover crossed the ₹25 billion mark (US$540 million). In 2005, BEL had a turnover of ₹32.20 billion (US$695 million). BEL achieved a turnover of ₹35.60 billion (US$767 million) in 2005–06. [citation needed]
The company was awarded the Miniratna public sector undertaking status, with accompanying financial and operational autonomy in September 2006. [7] GRSE is the first Indian shipyard to build 100 warships. [8]
In May 2008, it was classed as a Miniratna public corporation, which allowed it a certain degree of financial autonomy. [3] In 2018, then Railway Minister Piyush Goyal stated that the government was exploring opportunities for disinvestment of IRCTC. [4]
The Power Grid Corporation of India Limited was incorporated on 23 October 1989 [5] under the Companies Act, 1956 with an authorized share capital of Rs. 5,000 Crore (subsequently enhanced to Rs. 10,000 Crore in Financial Year (FY) 2007–08) as a public limited company, wholly owned by the Government of India with 51.34% stake in the company as on 31 December 2020 and as principal electric ...