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Navratna Companies - PSU - Engineers Career Group

 

 

Navratna Companies

The Government had introduced the Navratna scheme, in 1977, to identify Central Public Sector Enterprises (CPSEs) that had comparative advantages and to support them in their drive to become global giants.

 

 

Eligibility criteria and procedure for grant of Maharatna status

The Boards of Navratna CPSEs have been delegated powers in the areas of:

(i) capital expenditure,
(ii) investment in joint ventures / subsidiaries,
(iii) mergers & acquisitions,
(iv) human resources management, etc.

The current criteria for grant of Navratna status are size neutral. Over the years, some of the Navratna companies have grown very big and have considerably larger operations than their peers. It was felt that these CPSEs which are at the higher end of the Navratna category and have potential to become Indian Multinational Companies (MNCs), can be recognized as a separate class, i.e. ‘Maharatna’. The proposed higher category will act as an incentive for other Navratna companies, provide brand value and facilitate delegation of enhanced powers to CPSEs.

List of Navratna PSU's

Name of Company Recruitment Procedure Website Link
Bharat Electronics Limited (BEL-India) GATE www.bel-india.com
Bharat Petroleum Corporation Limited (BPCL) GATE www.bharatpetroleum.com
HAL india   www.hal-india.com
Hindustan Petroleum Corporation Limited HPCL GATE www.hindustanpetroleum.com
MTNL (mahanagar telecom limited)   www.mtnl.net.in
National Aluminium Company Limited   www.nalcoindia.com
NMDC Limited   www.nmdc.co.in
Neyveli Lignite Corporation Limited GATE www.nlcindia.com
Oil India Limited   www.oil-india.com
Power Finance Corporation Limited   www.pfcindia.com
power grid corporation GATE www.powergridindia.com
Rashtriya Ispat Nigam Limited   www.vizagsteel.com
Rural Electrification Corporation Limited   www.recindia.nic.in
Shipping Corporation of India Limited   www.shipindia.com

Source : Press information Bureau’s website.