Criteria for Navratna status for PSUs
Rajya Sabha
The
Central Public Sector Enterprises (CPSEs) fulfilling the following criteria are
eligible to be considered for grant of Navaratna
status:
Having Schedule ‘A’ and Miniratna
Category-1 status.
Having atleast three
‘Excellent’ or ‘Very Good’ Memorandum of Understanding (MoU)
ratings during the last five years.
Having
a composite score of 60 or above out of 100 marks based on its performance
during the last three years on the following six identified efficiency parameters:
|
Performance
Parameters
|
Maximum
Marks
|
|
Net
Profit to Net Worth
|
25
|
|
Manpower
cost to cost of production or services
|
15
|
|
Gross
margin as capital employed
|
15
|
|
Gross
profit as Turnover
|
15
|
|
Earnings
per Share
|
10
|
|
Inter-Sectoral comparison based on Net profit to net worth
|
20
|
|
Total
|
100
|
As compared to other CPSEs, the Boards
of Navaratna CPSEs have been delegated enhanced
powers in the areas of (i) capital expenditure; (ii) equity investment in joint ventures/subsidiaries in India or
abroad, (iii) human resources development (iv) orgnaisational
restructuring and (v) raising of debt
from the domestic capital markets and borrowings from international markets.
The grant of Navratna
status to CPSEs is not directly linked to their turnover. It depends on the criteria detailed above.
No proposal from any CPSE has been recently received in Department
of Public Enterprises for grant of ‘Maharatna’ status to it.
This
information was given by Shri Arun Yadav, Minister of State for Heavy Industries and Public
Enterprises in a written reply to a question in Rajya
Sabha today.
SS/PM
(Release ID :51117)