Miniratna Companies

In October 1997, the Government decided to grant enhanced autonomy and delegation of financial powers to some other profit making companies (other than the Navratnas) subject to certain eligibility conditions and guidelines to make them efficient and competitive. These categories were Category I and Category II



Category I

Category I CPSEs should have made profit in the last three years continuously, the pre-tax profit should have been Rs. 30 crore or more in at least one of the three years and should have a positive net worth.

List of Miniratna PSU's Categeory-I

Name of Company Recruitment Procedure Website Link
Airports Authority of India
Balmer Lawrie & Co. Limited
Bharat Dynamics Limited
BEML Limited
Bharat Sanchar Nigam Limited
Bridge & Roof Company (India) Limited
Central Warehousing Corporation
Central Coalfields Limited
Chennai Petroleum Corporation Limited
Cochin Shipyard Limited
Container Corporation of India Limited GATE
Dredging Corporation of India Limited
Engineers India Limited GATE
Ennore Port Limited
Garden Reach Shipbuilders & Engineers Limited
Goa Shipyard Limited
Hindustan Copper Limited
HLL Lifecare Limited
Hindustan Newsprint Limited
Hindustan Paper Corporation Limited
Housing & Urban Development Corporation Limited
India Tourism Development Corporation Limited
Indian Railway Catering & Tourism Corporation Limited (IRCTC)
IRCON International Limited
KIOCL Limited
Mazagaon Dock Limited GATE
Mahanadi Coalfields Limited
Manganese Ore (India) Limited
Mangalore Refinery & Petrochemical Limited
Mishra Dhatu Nigam Limited
MMTC Limited
MSTC Limited
National Fertilizers Limited GATE
National Seeds Corporation Limited
Northern Coalfields Limited
Pawan Hans Helicopters Limited
Rashtriya Chemicals & Fertilizers Limited
SJVN Limited
Security Printing and Minting Corporation of India Limited
South Eastern Coalfields Limited
State Trading Corporation of India Limited
Telecommunications Consultants India Limited GATE
THDC India Limited
Western Coalfields Limited
WAPCOS Limited

Category II

Category II CPSEs should have made profit for the last three years continuously and should have a positive net worth.

List of Miniratna PSU's Categeory-I

Name of Company Recruitment Procedure Website Link
Bharat Pumps & Compressors Limited
Broadcast Engineering Consultants (I) Limited
Central Mine Planning & Design Institute Limited
Ed.CIL (India) Limited
Engineering Projects (India) Limited
Ferro Scrap Nigam Limited
HMT (International) Limited
HSCC (India) Limited
India Trade Promotion Organisation
Indian Medicines & Pharmaceuticals Corporation Limited
M E C O N Limited GATE
National Film Development Corporation Limited    
National Small Industries Corporation Limited
P E C Limited
Rajasthan Electronics & Instruments Limited

These CPSEs have enhanced delegated powers provided they meet the following eligibility conditions and criteria:
i. They have not defaulted in the repayment of loans/interest payment on any loans due to the Government
ii. These public sector enterprises shall not depend upon budgetary support or Government guarantee.
iii. The Boards of these CPSEs should be restructured by inducting at least three non-official Directors as the first step before the exercise of enhanced delegation of authority.
iv. The administrative ministry concerned shall decide whether a public sector enterprise fulfilled the requirements of a category I/category II company before the exercise of enhanced powers.

Source : BSEPSU’s website