List of Navratna Companies in India

24 April 2024
8 min read
List of Navratna Companies in India
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Navratna companies stand out as the top tier among Public Sector Undertakings (PSUs) because of their remarkable financial and operational accomplishments. These organisations have the authority to undertake substantial investments up to ₹1,000 crore without needing approval from the Central Government.

Navratna companies in India are industry leaders, pivotal in driving the nation's economy forward. 

What is Navratna Company

A Navratna company is a public sector undertaking in India that has been granted Navratna status. These companies play a significant role in the nation's economy and hold a prestigious position compared to other PSUs, both domestically and globally.

Once designated as Navratna, these companies are given authority in areas such as capital expenditure, investment in joint ventures or subsidiaries and human resources management.

Benefits of Being a Navratna Company in India 

Navratna companies enjoy several benefits, which are as follows:

  • Navratna companies in India can invest up to ₹1,000 crore or 15% of their net worth in a single project without needing government approval.
  • These companies have the liberty to invest up to 30% of their net worth within a year as long as it stays below ₹1,000 crores.
  • Additionally, these companies can engage in joint ventures, form alliances and establish subsidiaries overseas.

Eligibility Criteria to Become a Navratna Company

To become a Navratna Company in India, the following eligibility criteria must be met, as outlined by the Government of India:

  • The company should already hold the Miniratna Category I status and be listed under Schedule A of CPSEs.
  • It must have consistently received an outstanding rating under the Memorandum of Understanding System for at least three out of the last five years.
  • Additionally, the company needs to meet specific criteria across six key areas, including net profit to net worth, PBDIT to capital employed, gross margin as capital expenditure, manpower cost to cost of production or services, gross profit as turnover, and earnings per share.
  • To qualify for Navratna status, the company must attain a composite score of 60 or above in the areas mentioned below:

Parameter

Maximum Weight

Earnings per share

10

Profit before interest and taxes (PBIT) to turnover

15

Net profit to net worth

25

Profit before depreciation, interest and taxes (EBITDA) to capital employed

15

Manpower cost to total cost of production or services

15

Inter-sectoral performance

20

List of Navratna Companies in India 2024

Here is a table presenting the Navratna companies list in India:

S.No.

Company Name

Established Year

1.

Engineers India Limited (EIL)

1965

2.

Container Corporation of India Limited (CONCOR)

1988

3.

Bharat Electronics Limited (BEL)

1954

4.

Hindustan Aeronautics Limited (HAL)

1940

5.

Neyveli Lignite Corporation Limited (NLC India)

1956

6.

Rashtriya Ispat Nigam Limited (RINL)

1971

7.

Rashtriya Chemicals & Fertilisers Limited (RCF)

1978 

8.

Mahanagar Telephone Nigam Limited (MTNL)

1986

9.

National Buildings Construction Corporation Limited (NBCC)

1960

10.

National Aluminium Company Limited (NALCO)

1981

11.

National Mineral Development Corporation Limited (NMDC)

1958

12.

Rail Vikas Nigam Limited (RVNL)

2003

13.

Shipping Corporation of India Limited (SCI)

1961

14.

ONGC Videsh Limited (OVL)

1965

15.

RITES Limited

1974

16.

IRCON International Limited

1976

Overview of Navratna Companies in India

Here is a brief overview of the 16 Navratna companies in India:

1) Engineers India Limited (EIL)

  • EIL is an engineering consultancy firm providing services including design, procurement, engineering, construction and project management.
  • It specialises in technology, pre-front-end engineering design (FEED), project management and supply chain management.
  • EIL caters to various industries, including oil and gas, infrastructure, water and waste management, fertilisers and petrochemicals, mining and metallurgy and solar and nuclear power.

2) Container Corporation of India Limited (CONCOR)

  • CONCOR manages logistics facilities like dry ports and container freight stations, facilitating both international and domestic services.
  • Its services include LCL hub services, air cargo movement, bonded warehousing, refrigerated containers, container repair and more.
  • It has pioneered multimodal logistics support for India's domestic and international trade, emphasising containerisation.

3) Bharat Electronics Limited (BEL)

  • It produces and delivers electronic equipment and systems for defence and non-defence sectors.
  • BEL’s defence portfolio encompasses navigation systems, communication products, radars, naval systems, electronic warfare systems, avionics and more.
  • For non-defence markets, it provides cyber security, e-governance, civilian radars, homeland security,  e-mobility, railway systems and telecom solutions.

4) Hindustan Aeronautics Limited (HAL)

  • It specialises in developing, designing, manufacturing and supplying aircraft, helicopters, avionics and communication equipment for both military and civilian purposes.
  • HAL also offers repair, maintenance and support services for aircraft, along with accessories for helicopters, aircraft and aero engines.
  • It serves various clients, including the Army, Navy, Indian Air Force, Indian Coast Guard, Defence Research & Development Organization, etc.

5) Neyveli Lignite Corporation Limited (NLC India)

  • NLC India Limited operates open-cast lignite mines and generates electricity from lignite, coal and renewable sources like wind and solar.
  • It supplies electricity to state DISCOMS in Southern India and Rajasthan.
  • Currently, NLC has a mining capacity of 50.1 MTPA.

6) Rashtriya Ispat Nigam Limited (RINL)

  • RINL  operates the Visakhapatnam Steel Plant under the Ministry of Steel.
  • It is the country's inaugural shore-based integrated steel plant, renowned for delivering high-quality products that satisfy customers.

7) Rashtriya Chemicals & Fertilisers Limited (RCF)

  • RCF is a prominent fertiliser and chemical manufacturer in the public sector of the Indian Economy.
  • It offers a range of products, including neem urea, biofertilizers, complex fertilisers, micronutrients and 100% water-soluble fertilisers.
  • Its Suphala and Ujjwala brands are widely recognised across the nation for their high brand equity.

8) Mahanagar Telephone Nigam Limited (MTNL)

  • It provides fixed-line telecommunication services in Delhi and Mumbai.
  • Its mobile services comprise prepaid and postpaid plans, 3G data plans, mobile television, international calling and value-added services.
  • MTNL has subsidiaries such as Mahanagar Telephone Limited and Millennium Telecom Limited.

9) Buildings Construction Corporation Limited (NBCC)

  • NBCC handles civil construction projects, infrastructure projects for national security, and civil sector infrastructure projects.
  • It also focuses on residential projects and commercial projects.
  • NBCC provides services including project conceptualisation, feasibility studies, detailed project reports, procurement, construction, engineering, etc.

10) National Aluminium Company Limited (NALCO)

  • NALCO is an India-based company that primarily manufactures and sells alumina and aluminium.
  • Its segments include Chemical and Aluminium, covering products like calcined alumina, alumina hydrate, aluminium ingots, wire rods, billets, and strips.
  • It operates a 22.75 lakh tons per annum alumina refinery plant in Damanjodi, Odisha, and a 4.60 TPA aluminium smelter in Angul, Odisha.

11) National Mineral Development Corporation Limited (NMDC)

  • It is an iron ore producer and explores various minerals, including copper, rock phosphate, limestone and diamond.
  • NMDC’s production exceeds 40 MTPA from its iron-producing units in Chhattisgarh and Karnataka.
  • Its subsidiaries include Legacy Iron Ore Limited, NMDC Power Limited and others.

12) Rail Vikas Nigam Limited (RVNL)

  • RVNL implements various railway projects, including new lines, electrification, bridges and workshops.
  • It manages the entire project cycle from planning to commissioning, including design, contract management and financing.
  • RVNL works on turnkey projects and serves clients from central and state government ministries.

13) Shipping Corporation of India Limited (SCI)

  • It is an Indian shipping company engaged in transporting goods and passengers.
  • The company operates through liner, bulk carrier, tanker and technical & offshore segments.
  • Its services include tankers, bulk carriers, containers, offshore, breakbulk, chartering and more.

14) ONGC Videsh Limited (OVL)

  • It focuses on obtaining exploration and production licences in foreign countries.
  • OVLs works in various producing projects, exploration blocks and pipeline projects in regions like the Middle East and Africa, Asia Pacific, Russia and CIS countries.
  • Its project portfolio includes Vankor, ACG and Lower Zakum Concession.

15) RITES Limited

  • It provides a range of services in transport infrastructure and related technologies.
  • RITES serves various sectors including railways, metros, airports & land ports, ropeways, tunnels & bridges, etc.
  • It also offers project management consultancy, techno-economic feasibility, third-party inspection, construction supervision and other services.

16) IRCON International Limited

  • It provides engineering procurement and construction (EPC) services for infrastructure projects like railways, bridges,  tunnels, highways, metro systems, etc.
  • IRCON also undertakes projects in build, operate, and transfer mode and hybrid annuity mode.
  • It has completed around 398 domestic projects and 128 international projects across 25 countries.

The Bottom Line

Navratna companies in India play a crucial role across various sectors, including energy, engineering and telecommunications, serving as the backbone of the nation's industrial growth. They contribute significantly to India's economic development by undertaking substantial investments, driving innovation and delivering high-quality products and services.

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