{"id":74900,"date":"2026-03-01T16:29:43","date_gmt":"2026-03-01T10:59:43","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=74900"},"modified":"2026-03-16T13:29:37","modified_gmt":"2026-03-16T07:59:37","slug":"maharatna-navratna-and-miniratna","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/maharatna-navratna-and-miniratna\/","title":{"rendered":"Maharatna, Navratna, and Miniratna, Eligibility, List, Benefits, Impact"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Maharatna, Navratna, and Miniratna companies are special categories created by the Government of India to give selected Public Sector Undertakings more financial and operational freedom. These categories help strong-performing PSUs take quicker decisions, invest in large projects, and compete globally without waiting for multiple government approvals. PSUs are government-owned companies with at least 51 percent government stake. Their roles include developing heavy industries, boosting exports, reducing imports, and expanding infrastructure. Over the decades, PSUs have become one of India\u2019s major economic pillars, contributing significantly to employment, industrialization, and national growth. Understanding their classification helps explain their functioning and importance.<\/span><\/p>\n<h2><b>What are Maharatna, Navratna, and Miniratna Status?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/maharatna-companies-in-india\/\" target=\"_blank\"><strong>Maharatna<\/strong><\/a>, Navratna, and Miniratna are classifications created to reward high-performing Central Public Sector Enterprises (CPSEs) with different levels of autonomy. Maharatna companies enjoy the highest decision-making power and investment freedom. Navratna companies receive moderate autonomy, while Miniratna firms, divided into Category I and II, get limited but important operational independence. These categories depend on financial strength, profitability, net worth, and overall performance.<\/span><\/p>\n<h2><b>Maharatna, Navratna, and Miniratna Historical Background<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The history of Maharatna, Navratna, and Miniratna categories reflects India\u2019s effort to strengthen PSUs and push them towards financial and administrative autonomy.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After Independence, India needed rapid industrialization, leading to the creation of PSUs under the Industrial Policy Resolution of 1956.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PSUs were established in strategic sectors: communication, irrigation, chemicals, heavy industries, and energy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">By the 1990s, many PSUs were financially strong and required greater autonomy to compete globally.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In 1997, the government created the Navratna category to give nine top PSUs more powers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Later, the Miniratna Category I and II classifications were introduced for profitable but smaller PSUs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In 2010, the Maharatna Category was created to give the largest PSUs even greater financial independence.<\/span><\/li>\n<\/ul>\n<h2><b>Maharatna, Navratna, and Miniratna Definitions<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The three classes of the companies can be defined as:<\/span><\/p>\n<h3><b>Maharatna<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A Maharatna is the highest classification granted to the most financially strong, strategically important, and globally competitive CPSEs. These PSUs have very large investments, strong profits, and significant national importance. They are allowed to make large financial decisions without seeking government approval, enabling them to compete internationally. Maharatna companies represent India\u2019s biggest public sector brands and play a major role in key areas such as energy, minerals, transportation, and heavy engineering.<\/span><\/p>\n<h3><b>Navratna<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/navratna-companies-in-india\/\" target=\"_blank\"><strong>Navratna<\/strong><\/a> is a mid-level classification awarded to strong-performing PSUs that meet specific financial and managerial criteria. To become a Navratna, a PSU must first qualify as a Miniratna and achieve a performance score of 60 out of 100 based on parameters like net worth, net profit, capital employed, manpower cost, and service cost. Navratna companies get moderate financial autonomy, enabling them to invest in projects up to a fixed limit. These companies show strong potential to grow into Maharatna status.<\/span><\/p>\n<h3><b>Miniratna<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Miniratnas are profitable PSUs divided into two categories: <\/span><b>Category I and Category II<\/b><span style=\"font-weight: 400;\">. They are financially stable but smaller than Navratna and Maharatna companies. Category I companies can invest up to \u20b9500 crore or their net worth, while Category II companies can invest up to \u20b9300 crore or 50 percent of net worth. Miniratnas are important regional and sectoral PSUs and often serve as the foundation for future Navratna-level performance.<\/span><\/p>\n<h2><b>Maharatna, Navratna, and Miniratna Eligibility Criteria<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Each category has clear financial and performance-based criteria that determine whether a PSU qualifies as a Maharatna, Navratna, or Miniratna.<\/span><\/p>\n<h3><b>Maharatna Eligibility Criteria<\/b><\/h3>\n<ul>\n<li>Having Navratna status<\/li>\n<li>Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations<\/li>\n<li>An average annual turnover of more than Rs. 25,000 crore during the last 3 years<\/li>\n<li>An average annual net worth of more than Rs. 15,000 crore during the last 3 years<\/li>\n<li>An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years<\/li>\n<li>Should have significant global presence\/international operations.<\/li>\n<\/ul>\n<h3><b>Navratna Eligibility Criteria<\/b><\/h3>\n<p data-start=\"0\" data-end=\"480\">Central Public Sector Enterprises (CPSEs) that hold <strong data-start=\"52\" data-end=\"83\">Miniratna Category\u2013I status<\/strong>, fall under <strong data-start=\"96\" data-end=\"112\">Schedule \u2018A\u2019<\/strong>, and have achieved an <strong data-start=\"135\" data-end=\"251\">\u2018Excellent\u2019 or \u2018Very Good\u2019 Memorandum of Understanding (MoU) rating in at least three out of the last five years<\/strong> are eligible to be considered for <strong data-start=\"286\" data-end=\"305\">Navratna status<\/strong>. Additionally, the CPSE must obtain a <strong data-start=\"344\" data-end=\"378\">composite score of 60 or above<\/strong> based on six selected performance indicators, which together carry a <strong data-start=\"448\" data-end=\"479\">maximum weight of 100 marks<\/strong>.<\/p>\n<table>\n<thead>\n<tr>\n<th>Performance Indicator<\/th>\n<th>Maximum Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Net Profit to Net Worth<\/td>\n<td>25<\/td>\n<\/tr>\n<tr>\n<td>Manpower Cost to Total Cost of Production \/ Cost of Services<\/td>\n<td>15<\/td>\n<\/tr>\n<tr>\n<td>PBDIT to Capital Employed<\/td>\n<td>15<\/td>\n<\/tr>\n<tr>\n<td>PBIT to Turnover<\/td>\n<td>15<\/td>\n<\/tr>\n<tr>\n<td>Earnings Per Share (EPS)<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td>Inter-Sectoral Performance<\/td>\n<td>20<\/td>\n<\/tr>\n<tr>\n<td><strong>Total<\/strong><\/td>\n<td><strong>100<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><b>Miniratna Eligibility Criteria<\/b><\/h3>\n<ul>\n<li>\n<p><strong>Miniratna Category-I status<\/strong>: &#8211; The CPSEs which have made profit in the last three years continuously, pre-tax profit is Rs.30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status.<\/p>\n<\/li>\n<li><strong>Miniratna Category-II status<\/strong>: &#8211; The CPSEs which have made profit for the last three years continuously and have a positive net worth are eligible to be considered for grant of Miniratna-II status.\n<ul>\n<li>Miniratna CPSEs should have not defaulted in the repayment of loans\/interest payment on any loans due to the Government.<\/li>\n<li>Miniratna CPSEs shall not depend upon budgetary support or Government guarantees.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Also Read: <a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/securities-and-exchange-board-of-india-sebi\/\" target=\"_blank\">SEBI<\/a><\/strong><\/p>\n<h2><b>Maharatna, Navratna, and Miniratna Impact<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">These classifications significantly impact India\u2019s industrial growth, economic performance, and the global competitiveness of public sector enterprises.<\/span><\/p>\n<h3><b>Maharatna Impact<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Drive India\u2019s energy, minerals, and infrastructure sectors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lead global expansion of Indian PSUs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Generate high revenue and profit for the country<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strengthen national strategic capacity<\/span><\/li>\n<\/ul>\n<h3><b>Navratna Impact<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support mid-level industrial growth<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enhance competitiveness of key sectors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strengthen domestic manufacturing and services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve financial efficiency within the PSU ecosystem<\/span><\/li>\n<\/ul>\n<h3><b>Miniratna Impact<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Promote regional development<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strengthen smaller industrial sectors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Convert profitable PSUs into stronger enterprises<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Serve as a talent and development base for future Navratnas<\/span><\/li>\n<\/ul>\n<h2><b>Maharatna, Navratna, and Miniratna Significance<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">These categories help the government strengthen PSUs while promoting financial discipline, competitiveness, and strategic development.<\/span><\/p>\n<h3><b>Maharatna Significance<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Represent India\u2019s strongest public enterprises<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure leadership in globally competitive sectors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Help India achieve economic sovereignty<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Major contributors to national infrastructure<\/span><\/li>\n<\/ul>\n<h3><b>Navratna Significance<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bridge the gap between Miniratna and Maharatna<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maintain industrial stability<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Promote efficient management practices<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expand India\u2019s sectoral capacity<\/span><\/li>\n<\/ul>\n<h3><b>Miniratna Significance<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Encourage smaller PSUs to grow<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve operational efficiency<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support local economies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provide employment and industrial expansion<\/span><\/li>\n<\/ul>\n<p><strong>Also Read: <a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/mutual-funds\/\" target=\"_blank\">Mutual Funds<\/a><\/strong><\/p>\n<h2><b>Maharatna, Navratna, and Miniratna Financial Contributions<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">These PSUs collectively contribute major revenue, profits, and capital investments to India\u2019s economy each year.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CPSUs earned revenue above \u20b924 lakh crore in 2018-19<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Top 10 profit-making PSUs earned \u20b91.60 lakh crore profit in 2021-22<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ONGC alone generated \u20b940,305 crore profit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maharatna and Navratna companies account for the largest share of national industrial investment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Miniratnas contribute significantly to regional economies<\/span><\/li>\n<\/ul>\n<h2><b>Maharatna, Navratna, and Miniratna Recent Development<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The government is revising the classification system to improve PSU performance and align with Vision 2047.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A new proposal suggests adding two more Ratna categories.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A 10-member committee led by Cabinet Secretary T. V. Somanathan will review performance standards.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">New criteria include corporate governance, leadership development, capital expenditure, sustainability, and dividend payout.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The revision aims to modernize public sector enterprises for global competitiveness.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This aligns PSU growth with India\u2019s long-term development strategy under Vision 2047.<\/span><\/li>\n<\/ul>\n<h2><b>Maharatna, Navratna, and Miniratna List<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As of 2025, India has 14 Maharatna, 26 Navratna, and 74 Miniratna companies (Category I and II combined). These companies together form the backbone of India\u2019s industrial and economic strength.<\/span><\/p>\n<h3><b>Maharatna Companies<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Maharatnas include India\u2019s biggest companies like ONGC, NTPC, IOCL, Coal India, and Power Grid. The Maharatna consists of 14 companies as of now-<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Oil and Natural Gas Corporation (ONGC)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bharat Heavy Electricals Limited (BHEL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bharat Petroleum Corporation Limited (BPCL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coal India Limited (CIL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gas Authority of India Limited (GAIL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hindustan Petroleum Corporation Limited (HPCL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indian Oil Corporation Limited (IOCL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">National Thermal Power Corporation (NTPC)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Power Grid Corporation of India (PGCIL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Power Finance Corporation Limited (PFCL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rural Electrification Corporation Limited (REC)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Steel Authority of India Limited (SAIL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Oil India Limited (OIL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hindustan Aeronautics Limited (HAL) (since 12 October 2024)<\/span><\/li>\n<\/ol>\n<h3><b>Navratna Companies<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Navratnas include leading sectoral enterprises such as BEL, Hindustan Aeronautics Limited (HAL), and Engineers India Limited. The list of 26 Navratnas are:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bharat Electronics Limited (BEL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Container Corporation of India (CONCOR)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Engineers India Limited (EIL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mahanagar Telephone Nigam Limited (MTNL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">National Aluminium Company (NALCO)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NBCC (India) Limited<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">National Mineral Development Corporation (NMDC)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NLC India Limited (Neyveli Lignite)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rashtriya Ispat Nigam Limited (RINL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shipping Corporation of India (SCI)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rail Vikas Nigam Limited (RVNL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ONGC Videsh Limited<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rashtriya Chemicals &amp; Fertilizers Limited (RCF)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ircon International<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">RITES Limited<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">National Fertilizers Limited (NFL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Housing And Urban Development Corporation Limited (HUDCO)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indian Renewable Energy Development Agency (IREDA)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Central Warehousing Corporation (CWC)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mazagon Dockyard Limited<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">RailTel Corporation of India Limited (RCIL) (since 30 August 2024)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SJVN Limited<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NHPC Limited<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Solar Energy Corporation of India (SECI)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indian Railway Catering and Tourism Corporation (IRCTC)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indian Railway Finance Corporation (IRFC)<\/span><\/li>\n<\/ol>\n<h3><b>Miniratna Companies<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Miniratnas include both large and regionally important PSUs spread across energy, services, transport, minerals, manufacturing, and engineering sectors. The major companies under Miniratna Category has been listed below:<\/span><\/p>\n<p><b>Miniratna Category-I<\/b><\/p>\n<ol>\n<li>Airports Authority of India<\/li>\n<li>Antrix Corporation Limited<\/li>\n<li>Balmer Lawrie &amp; Co. Limited<\/li>\n<li>Bharat Coking Coal Limited<\/li>\n<li>Bharat Dynamics Limited<\/li>\n<li>BEML Limited<\/li>\n<li>Bharat Sanchar Nigam Limited<\/li>\n<li>Bridge &amp; Roof Company (India) Limited<\/li>\n<li>Central Warehousing Corporation<\/li>\n<li>Central Coalfields Limited<\/li>\n<li>Central Mine Planning &amp; Design Institute Limited<\/li>\n<li>Chennai Petroleum Corporation Limited<\/li>\n<li>Cochin Shipyard Limited<\/li>\n<li>EdCIL (India) Limited<\/li>\n<li>Kamarajar Port Limited<\/li>\n<li>Garden Reach Shipbuilders &amp; Engineers Limited<\/li>\n<li>Goa Shipyard Limited<\/li>\n<li>Hindustan Copper Limited<\/li>\n<li>HLL Lifecare Limited<\/li>\n<li>Hindustan Newsprint Limited<\/li>\n<li>Hindustan Paper Corporation Limited<\/li>\n<li>Housing &amp; Urban Development Corporation Limited<\/li>\n<li>HSCC (India) Limited<\/li>\n<li>India Tourism Development Corporation Limited<\/li>\n<li>Indian Rare Earths Limited<\/li>\n<li>Indian Railway Catering &amp; Tourism Corporation Limited<\/li>\n<li>Indian Railway Finance Corporation Limited<\/li>\n<li>Indian Renewable Energy Development Agency Limited<\/li>\n<li>India Trade Promotion Organization<\/li>\n<li>IRCON International Limited<\/li>\n<li>KIOCL Limited<\/li>\n<li>Mazagaon Dock Shipbuilders Limited<\/li>\n<li>Mahanadi Coalfields Limited<\/li>\n<li>MOIL Limited<\/li>\n<li>Mangalore Refinery &amp; Petrochemical Limited<\/li>\n<li>Mineral Exploration Corporation Limited<\/li>\n<li>Mishra Dhatu Nigam Limited<\/li>\n<li>MMTC Limited<\/li>\n<li>MSTC Limited<\/li>\n<li>National Fertilizers Limited<\/li>\n<li>National Projects Construction Corporation Limited<\/li>\n<li>National Small Industries Corporation Limited<\/li>\n<li>National Seeds Corporation<\/li>\n<li>NHPC Limited<\/li>\n<li>Northern Coalfields Limited<\/li>\n<li>North Eastern Electric Power Corporation Limited<\/li>\n<li>Numaligarh Refinery Limited<\/li>\n<li>ONGC Videsh Limited<\/li>\n<li>Pawan Hans Helicopters Limited<\/li>\n<li>Projects &amp; Development India Limited<\/li>\n<li>Railtel Corporation of India Limited<\/li>\n<li>Rail Vikas Nigam Limited<\/li>\n<li>Rashtriya Chemicals &amp; Fertilizers Limited<\/li>\n<li>RITES Limited<\/li>\n<li>SJVN Limited<\/li>\n<li>Security Printing and Minting Corporation of India Limited<\/li>\n<li>South Eastern Coalfields Limited<\/li>\n<li>Telecommunications Consultants India Limited<\/li>\n<li>THDC India Limited<\/li>\n<li>Western Coalfields Limited<\/li>\n<li>WAPCOS Limited<\/li>\n<\/ol>\n<p><b>Miniratna Category-II<\/b><\/p>\n<ol start=\"62\">\n<li>Artificial Limbs Manufacturing Corporation of India<\/li>\n<li>Bharat Pumps &amp; Compressors Limited<\/li>\n<li>Broadcast Engineering Consultants India Limited<\/li>\n<li>Central Railside Warehouse Company Limited<\/li>\n<li>Engineering Projects (India) Limited<\/li>\n<li>FCI Aravali Gypsum &amp; Minerals India Limited<\/li>\n<li>Ferro Scrap Nigam Limited<\/li>\n<li>HMT (International) Limited<\/li>\n<li>Indian Medicines &amp; Pharmaceuticals Corporation Limited<\/li>\n<li>MECON Limited<\/li>\n<li>National Film Development Corporation Limited<\/li>\n<li>Rajasthan Electronics &amp; Instruments Limited<\/li>\n<\/ol>\n<h2><b>Maharatna, Navratna, and Miniratna UPSC<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Maharatna, Navratna, and Miniratna classifications highlight the government\u2019s strategy of empowering its strongest enterprises while encouraging others to grow. They ensure that PSUs remain globally competitive, financially strong, and strategically important for national development. Maharatnas drive large-scale national growth, Navratnas enhance sectoral performance, and Miniratnas strengthen regional and foundational industries. Together, they contribute significantly to revenue, employment, capital formation, and infrastructure. As India moves towards Vision 2047, strengthening these categories will help create modern, efficient, and future-ready public sector enterprises that support India\u2019s economic progress.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maharatna, Navratna, and Miniratna companies explained with eligibility, benefits, impact and updated list. Know how these PSU categories boost autonomy and India\u2019s growth.<\/p>\n","protected":false},"author":26,"featured_media":74894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[786],"tags":[3863],"class_list":{"0":"post-74900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-studies","8":"tag-maharatna-navratna-and-miniratna","9":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/74900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=74900"}],"version-history":[{"count":5,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/74900\/revisions"}],"predecessor-version":[{"id":92987,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/74900\/revisions\/92987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/74894"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=74900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=74900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=74900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}