Miniratna Companies

The Union Government of India has decided to offer autonomy and representatives of various financial powers to ample of different profit making organizations and this new category that was generated by Ministry of India is known as Miniratna. The Miniratnas has also join the joint ventures, set subordinate firms along with across companies but all these are subjected to some eligibility guidelines so as to make them powerful and competitive.
There are plethoras of Miniratna CPSE (Centre Public Sector Enterprises) in India and different piece of task is allotted to these Miniratnas to perform so as to enhance the international marketing. To accomplish these many tasks they itself categorized into category I and category II. They are divided to fulfill certain requirements of worldwide trade and the prime reason behind Miniratnas is to enhance the economic scenario.

Category I

This tag is applies to only those PSEs who can made a profits consistently from the period of last three years or can holds a average of profit of Rs. 30 crore or more. The Category I Miniratnas accept some autonomy just like attracting capital expenditure irrespective of higher directory approval of not more than Rs. 500 crore .

List of category I Miniratnas

Category II

This is the second category of Miniratna and this designation is applies to those selected PSEs which have consistently made such a large profits from last three years and their average net worth is good. The Category II Miniratnas accept some autonomy just like attracting capital expenditure irrespective of higher directory approval of not more than Rs.300 crore along with half of their net expenditure

List of category II Miniratnas