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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

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