Navratna Companies in India are one of the types of status given to the Central Public Sector Enterprises (CPSEs) listed under the Government of India. The Government of India classifies the CPSEs into three categories based on fulfilling certain criteria. The three status types are Maharatna, Navaratna, and Miniratna. Navratna Companies in India have an authoritative position compared to other PSUs which influences globally. To gain Navratna status, the company should be eligible for the criteria given by the Indian Government. Some criteria are that Navratna Companies in India should have already achieved the status of Miniratna Category-I Company, the company should be listed under schedule-A, and so on. There are around 24 Navratna Companies in India that are functioning  

List Of Maharatna Companies in India 2024

List of Navratna Companies in India 2024 PDF

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What is Navratna Company?

A Company under Public Sector Undertakings in India that gained Navratna status is called a Navratna Company. Navratna Companies play a major role in the economy of the nation. 

In 1997, the Government introduced the Navratna scheme to identify the Central Public Sector Enterprises (CPSEs) that have comparative advantages and support them with various advantages to become global giants. The Navratna companies have delegated powers in the areas of

• • Capital Expenditure,

  • Investment in joint ventures or subsidiaries,

  • Human resources management, and so on.

How Many Navratna Companies in India in 2024?

At present, there are 16 Navratna companies in India. Navratna companies in India are based in various sectors including energy, minerals, railways, etc. Navratna companies play a significant role in the growth and development of the Indian nation. 

List Of Navratna Companies in India 2024

Here we have provided the complete Navratna Companies in India list for 2024.

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Navratna Companies Criteria

The Government of India fixes certain criteria to grant the status of Navratna to the Central Public Sector Enterprises (CPSEs). The eligibility for Navratna Companies in India is discussed below on a detailed basis. Candidates preparing for the upcoming competitive exams can use the information. 

Navratna Company Criteria 

Central Public Sector Enterprises (CPSEs) are eligible for the status of Navratna by meeting the following criteria.

• The CPSEs should have Miniratna I, Schedule ‘A’ status

• They should have obtained an ‘excellent’ or ‘very good’ MOU rating in three of the last five years

• CPSEs should have a composite score of 60 or above in the following 6 selected performance indicators and are eligible to be considered for a grant of Navratna status.

  1. Net Profit to Net Worth - 25

  2. Manpower Cost to Total Cost of Production/ Cost of Services    - 15

  3. PBDIT to Capital employed                                                         - 15

  4. PBIT to Turnover                                                                         - 15

  5. Earning Per Share                                                                       - 10

  6. Inter-Sectoral Performance                                                          - 20

                                                                      Total Score                             - 100

Recent Navratna Companies In India

Here we have provided the details of the list of the latest Navratna Companies in India.

On 12 October 2023, Ircon International Limited (IRCON) was announced as the 15th Navratna CPSE by the Ministry of Finance. The core competence of IRCON is in Railways, Highways & Extra High Tension substation engineering and Construction. The company has executed projects operated in the areas of Railway construction including ballastless track, electrification, tunneling, signal & telecommunication as well as leasing of locos, construction of roads, highways, commercial, industrial & residential buildings, and complexes, airport runways and hangars, metro and mass rapid transit system, etc. IRCON has widespread operations in several states in India and other countries.

While RITES Ltd (RITES) was announced as the 16th Navratna CPSE. RITES Ltd is a leading transport infrastructure consultancy and engineering firm in India. It provides services in the diverse sectors of transportation, railways, export of rolling stock, highways, airports, metros, urban engineering & sustainability, ports & waterways, and energy management. The award of Navratna status will enable RITES to further nurture its brand, compete more effectively in the global market, and pursue new frontiers more aggressively for growth.

Details Of Navratna Companies In India

The Government of India has granted the Navratna status to 16 Navaratna companies. The complete details of  Navratna Companies in India are provided below.

Bharat Electronics Limited (BEL)

• Bharat Electronics Limited (BEL) was established in 1954 under the Ministry of Defence to meet the specialized electronic needs of the Indian Defence.

• BEL has grown into a multi-product, multi-technology, multi-unit conglomerate empowering the nation’s armed forces in the areas of Radars & Fire Control Systems, Missile Systems, Communication & C4I systems, Electronic Warfare & Avionics, Naval Systems & Antisubmarine Warfare Systems, Electro Optics, Tank Electronics & Gun Upgrades, and Strategic Components.

• The Akash Air Defence Weapon System is a shining example of BEL’s indigenous design, development, and manufacturing drive.

• The Coastal Surveillance System developed to strengthen surveillance of India’s over-7,500-km-long coastline is being offered to friendly countries.

Container Corporation of India Limited (CONCOR)

• Container Corporation of India Limited (CONCOR) was incorporated in March 1988 under the Companies Act and commenced operation in November 1989.

• CONCOR is committed to providing responsive, cost-effective, efficient, and reliable logistics solutions to its customers.

• CONCOR contains an existing network of 7 Inland Container Depots (ICDs) from the Indian Railways.

• CONCOR ranked 204th on the “Fortune India 500" list of 2021. CONCOR is one of the most reliable, efficient companies in India and is also very well respected & performing ethically as well as aligned with growing, innovative & inordinate customer services in logistics.
  
  

Engineers India Limited (EIL)

• In 1965, Engineers India Limited was incorporated under a formation agreement between the Government of India and Bechtel International Corporation, USA.

• In 1967, EIL became a wholly owned Government of India company.

• EIL was accorded the Mini Ratna status in 1997.

• The government of India conferred the prestigious Navaratna status in 2024.

• EIL's business operations span the hydrocarbon value chain as well as diversified areas of Metallurgy, Infrastructure, biofuels, and Green Hydrogen.

Hindustan Aeronautics Limited (HAL)

• Hindustan Aircraft Limited was incorporated in 1940 at Bangalore by Shri Walchand Hirachand in association with the Government of Mysore, to manufacture aircraft in India.

• In 1941, the Government of India became one of the shareholders in the Company and subsequently took over its management in 1942.

• In 1951, Hindustan Aircraft Limited was placed under the administrative control of the Ministry of Defence, Government of India.

• HAL was listed on BSE and NSE on 28th March 2018.

• HAL has a comprehensive Design and Development capability in the field of aerospace.

Mahanagar Telephone Nigam Limited (MTNL)

• MTNL was set up on 1st April 1986 by the Government of India.

• MTNL upgraded the quality of telecom services, expanded the telecom network, introduced new services, and raised revenue for the telecom development needs of India's key metro cities of Delhi & Mumbai.

• MTNL is the principal provider of fixed-line telecommunication services in the two Metropolitan Cities of Delhi and Mumbai.

• The authorized capital of the MTNL is Rs. 800 crores. MTNL was given Navratna status in 1997 and was listed on the New York Stock Exchange in 2001.

National Aluminium Company Limited (NALCO)

• National Aluminium Company Limited (NALCO) is a Schedule ‘A’ Navratna CPSE.

• NALCO was established on 7th January, 1981 having its registered office at Bhubaneswar. 

• It is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country.

• At present, the Government of India holds 51.28% of paid-up equity capital. NALCO is one of the leading foreign exchange-earning CPSEs in the Country.

• NALCO is the first Public Sector Company in the country to venture into the international market in a big way with London Metal Exchange (LME) registration in May 1989.

• NALCO has been listed on the Bombay Stock Exchange (BSE) since 1992 and the National Stock Exchange (NSE) since 1999.

National Buildings Construction Corporation Limited (NBCC)

• NBCC was established in 1960 as a Civil Engineering Enterprise of the Government of India, NBCC is headquartered in Delhi.

• NBCC's current areas of operation include Project Management Consultancy (PMC), Engineering Procurement and Construction (EPC), and Real Estate Development.

• NBCC is listed with both the Indian stock exchanges, the National Stock Exchange (NSE), and Bombay Stock Exchange (BSE).

• NBCC entered into overseas operations in the year 1977, executing projects of diverse nature in countries like Libya, Iraq, Yemen, Nepal, Maldives, Mauritius, Turkey, and Botswana.

Neyveli Lignite Corporation Limited (NLC India)

• NLC India Ltd was incorporated in 1956.

• NLC India Ltd has been a forerunner among the Public Sector Enterprises in the country in the energy sector, contributing a huge share in Lignite production and a significant share in thermal and renewable energy generation.

• NLC India Ltd is under the administrative control of the Ministry of Coal.

National Mineral Development Corporation Limited (NMDC) 

• NMDC Limited was incorporated in 1958 as a Government of India public enterprise.

• NMDC is India’s largest producer of iron ore.

• NMDC is under the administrative control of the Ministry of Steel and has been involved in the exploration of a wide range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands amongst others in some of the most remote corners of the country.

• NMDC's all mining complexes have been rated 5 Star by the Indian Bureau of Mines, Ministry of Mines which is a testimony to its scientific and sustainable mining practices.

Rashtriya Ispat Nigam Limited (RINL)

• Rashtriya Ispat Nigam Limited (RINL) is the corporate entity of the Visakhapatnam Steel Plant under the Ministry of Steel.

• RINL is the first shore-based integrated steel plant in the country and is known for its quality products delighting the customers.

• RINL is the first PSE to be certified ISO 50001:2011 in Energy Management Systems and has acquired CMMI Level 3 certification for s/w development.

• Vizag Steel Plant was formally inaugurated by the then PM Late Mrs. Indira Gandhi, on 20th January 1971.

Shipping Corporation of India Limited (SCI)

• The Shipping Corporation of India was established on October 2nd, 1961, by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation.

• The SCI has immensely contributed to the growth of India’s EXIM trade and the national exchequer, by being a net earner/saver of valuable foreign exchange.

• The government of India Conferred ‘Mini Ratna’ status for enhancing the company’s Board powers for capital investment

• SCI obtained ISO 9000 certification and was conferred ‘Navratna’ status by the Government of India.

Rail Vikas Nigam Limited (RVNL)

• RVNL was incorporated as a 100% owned PSU of the Ministry of Railways in 2003.

• RVNL has the twin objectives of raising extra-budgetary resources and implementing projects relating to the creation and augmentation of the capacity of rail infrastructure on a fast-track basis.

• RVNL became fully functional by March 2005.

• RVNL was granted Miniratna status in September 2013.

• RVNL has been rated “Excellent” for 9 successive years by the Department of Public Enterprises. 

• RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years. 

ONGC Videsh Limited (OVL)

• ONGC Videsh Ltd (OVL) is a subsidiary of Oil and Natural Gas Corporation Limited (ONGC) and was incorporated in 1965.

• The primary business of ONGC Videsh is to prospect for oil and gas acreages outside India, including exploration, development, and production of oil and gas.

• ONGC Videsh owns Participating Interests in 32 oil and gas assets in 15 countries.

• ONGC Videsh is the second largest petroleum company in India, next only to its parent ONGC.

Rashtriya Chemicals & Fertilizers Limited (RCF)

• RCF is a leading fertilizer and chemical manufacturing company in India in the Public Sector.

• RCF was established on 6th March 1978 on the reorganization of the erstwhile Fertilizer Corporation of India Ltd. into five new companies Fertilizer Corporation of India (FCI), Hindustan Fertilizer Corporation Limited (HFC), Projects & Development India Limited (PDIL), National Fertilizers Limited (NFL) and Rashtriya Chemicals & Fertilizers Limited (RCF).

• RCF has been accorded coveted “Miniratna” status in 1997.

• RCF has a portfolio of products that includes Neem Urea, Complex Fertilizers, Bio-Fertilizers, Micro Nutrients, and 100% Water-soluble fertilizers.

• The Ujjwala(Urea) and Suphala(Complex fertilizer) brand fertilizers manufactured by RCF have high brand equity and are recognized brands all over the country.

• RCF is accredited with ISO 9001 for quality, ISO 14001 for Environmental Management Systems, ISO 45001 for Occupational Health and Safety, ISO 50001:2011 for Energy Management Systems, and ISO 27001 for Information Security Management.

IRCON International Limited

• Ircon International Limited (IRCON) is a government-owned company incorporated under the Companies Act of 1956 in 1976.

• IRCON was incorporated under the name Indian Railways Construction Company Limited.

• IRCON is a specialized construction organization covering construction activities and services in the infrastructure sector.

• IRCON has completed more than 300 infrastructure projects in India and more than 100 projects across the globe in more than 21 countries. 

RITES Limited

• RITES Limited is a Schedule 'A' Central Public Sector Enterprise under the Ministry of Railways, incorporated in 1974.

• RITES Limited is a multidisciplinary engineering and consultancy organization that provides a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.

• RITES is a leading player in the transport consultancy and engineering sector in India, providing a diverse range of services.

Navratna Companies in India 2024 - FAQs

Here we have provided the Navratna Companies in India 2024 FAQs in detail.

Q. Which is the 15th Navratna Company of India?

A. Ircon International Limited (IRCON) is the 15th Navratna Company of India.

Q. How many Navratna Companies in India?

A. At present there are 16 Navratna Companies in India.

Q. Which is the 16th Navratna Company of India?

A. RITES Limited is the 16th Navratna Company of India.