PMF IAS Test Series for UPSC Prelims Banner Ad
PMF IAS Test Series for UPSC Prelims Banner Ad

Miniratna, Navaratna, Maharatna Status

  • Context (PIB): Govt. of Gujarat to invest Rs. 4,000 crores in proposed 750 MW Kuppa Pumped Hydro Storage Project.
  • NHPC and the Government of Gujarat plan to develop and utilise pumped hydro storage projects as an effective solution for energy storage.
  • This project will help achieve the national objective of clean and green energy, i.e. attaining 500 GW of renewable energy capacity by 2030 and a “Net Zero” target by 2070.

NHPC (National Hydroelectric Power Corporation)

  • NHPC Limited is India’s leading hydropower company, with a total installed capacity of 7,097.2 MW of renewable energy.
  • Established in 1975, Headquartered in Faridabad, Haryana.
  • The company has expanded its objects to include other sources of energy like Solar, Geothermal, Tidal, Wind etc.
  • At present, NHPC is a Mini Ratna Category-I Enterprise of the Central Government.

Criteria for granting Maharatna status to CPSEs

  • CPSEs having Navaratna status.
  • Listed on the Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
  • Should have a significant global presence/international operation.
  • In the last three years, the company should have achieved,
    • Average annual turnover > Rs. 25,000 crores.
    • Average annual net worth > Rs. 15,000 crores.
    • Average annual net profit (after tax) > Rs. 5,000 crores.

Criteria for granting Navratna status to CPSEs

  • CPSEs should be Miniratna I, Schedule ‘A company.
  • CPSEs must have achieved an ‘excellent’ or ‘very good’ rating in the Memorandum of Understanding (MOU) for three out of the last five years.
  • Additionally, eligible CPSEs must attain a composite score of 60 or above in six selected performance indicators.

A screenshot of a computer Description automatically generated

6 Performance Indicators

Criteria for granting Miniratna status to CPSEs

Miniratna Category-I status

  • Must have achieved profitability in the last three consecutive years.
  • Need to demonstrate a pre-tax profit of Rs.30 crores or more in at least one of the three years.
  • Must maintain a positive net worth.

Miniratna Category-II status

  • Requires a consistent track record of profitability for the last three consecutive years.
  • They should also have a positive net worth to be eligible for consideration.

Department of Public Enterprises, Ministry of Finance

Sharing is Caring !!

Newsletter Updates

Subscribe to our newsletter and never miss an important update!

Assured Discounts on our New Products!

Leave a Reply

Your email address will not be published. Required fields are marked *


Never miss an important update!