Compilation of India’s Navratna Companies

• Navratna Company: What is it?
• The Advantages of Having a Navratna Business in India
• Qualifications for Becoming a Navraitna Business
• India’s 2024 Navratna Company List
• An Overview of Indian Navratna Companies
  1. 1) EIL stands for Engineers India Limited.
  2. 2) Container Corporation of India Limited (CONCOR)
  3. 3) BEL, or Bharat Electronics Limited
  4. 4) Hindustan Aeronautics Limited (HAL)
  5. 5) NLC India, also known as Neyveli Lignite Corporation Limited
  6. 6)  Rashtriya Ispat Nigam Limited (RINL) 
  7. 7) Rashtriya Fertilizers & Chemicals Limited (RCF)
  8. 8) Mahanagar Telephone Nigam Limited (MTNL)
  9. 9) The Corporation for Buildings Construction Limited (NBCC)
  10. 10) National Aluminium Company Limited (NALCO) 
• Conclution

Navratna firms achieve distinction as the highest caliber of Public Sector Undertakings (PSUs) through their exceptional operational and financial achievements. These entities possess the power to carry out significant investments worth up to ?1,000 crore without requiring authorization from the Central Government.

Leading businesses in their field, navratna enterprises in India are essential to the progress of the country’s economy.

Navratna Company: What is it?

A public sector enterprise in India earns Navratna status, becoming known as a Navratna business.

These businesses play a crucial role in the country’s economy . Moreover they are recognized as distinguished PSUs both nationally and internationally.

These businesses are granted autonomy in areas including capital expenditure, investment in joint ventures or subsidiaries, and human resource management after being named Navratna.

The Advantages of Having a Navratna Business in India

Navratna companies profit from a number of factors, including the following:

• In India, navratna firms are exempt from requiring government clearance . It is when investing up to ?1,000 crore, or 15% of their net value, in a single project.

• These corporations are free to invest as much as thirty percent of their net worth in a single year, provided that the amount does not exceed ?1,000 crores.

• These businesses can also create subsidiaries abroad, develop alliances, and participate in joint ventures.

Qualifications for Becoming a Navraitna Business

According to the Government of India, the following requirements must be fulfilled in order for a company to be designated as a Navratna in India:

• The business ought to already be registered under Schedule A of the CPSEs and possess Miniratna Category I status.

• Under the Memorandum of Understanding System, it must have continuously gotten an excellent rating for at least three of the previous five years.

• Net profit to net worth, PBDIT to capital employed, gross margin as capital expenditure, labor cost to cost of production or services, gross profit as turnover, and earnings per share are the other six critical categories in which the corporation must also meet certain requirements.

The organization needs to achieve a composite score of 60 or above in the following areas in order to be eligible for Navratna status:

• Per share earnings, up to a maximum weight of ten.

• Profit before interest and taxes (PBIT) up to a maximum weight of 15 in relation to turnover

• Net income to net wealth, with a 25-point maximum weight

• Maximum weight of 15 for profit before depreciation, interest, and taxes (EBITDA) to capital employed

• The ratio of labor costs to the overall cost of goods or services, with a maximum weight of 15

• Performance across sectors with a maximum weight of 20

India’s 2024 Navratna Company List

The following table lists the Navratna corporations in India:

An Overview of Indian Navratna Companies

The 16 Navratna corporations in India are summarized as follows:

1) EIL stands for Engineers India Limited.

• EIL is an engineering consultant that offers project management, design, procurement, engineering, and construction services.

• It specializes in supply chain management, project management, technology, and pre-front-end engineering design (FEED).

• Oil and gas, infrastructure, water and waste management, petrochemicals and fertilizers, mining and metallurgy, solar and nuclear power, and fertilisers and petrochemicals are just a few of the industries that EIL serves.

2) Container Corporation of India Limited (CONCOR)

• CONCOR facilitates both local and international services by managing logistics infrastructure such as container freight stations and dry ports.

• LCL hub services, air cargo transportation, bonded warehousing, refrigerated containers, container repair, and other services are among its offerings.

• With a focus on containerization, it has led the way in developing multimodal logistics assistance for both local and international trade in India.

3) BEL, or Bharat Electronics Limited

• It manufactures and distributes electronic systems and equipment for both the defense and non-defense industries.

• The defense portfolio of BEL includes avionics, radars, naval systems, electronic warfare systems, navigation systems, and communication devices.

• It offers cyber security, e-governance, civilian radars, homeland security, e-mobility, railway systems, and communications solutions for non-defense markets.

4) Hindustan Aeronautics Limited (HAL)

• It a company that specializes in the development, design, manufacture, and supply of avionics, communication equipment, aircraft, and helicopters for the military and commercial markets.

• HAL also provides accessories for helicopters, airplanes, and aero engines in addition to repair, maintenance, and support services for aircraft.

• The Army, Navy, Indian Air Force, Indian Coast Guard, Defence Research & Development Organisation, and other clients are among those it supports.

5) NLC India, also known as Neyveli Lignite Corporation Limited

• In addition to producing electricity from coal, lignite, and renewable energy sources including solar and wind power, NLC India Limited also manages open-pit lignite mines.

• Rajasthan and Southern India’s state DISCOMS are supplied with power by it.

• NLC currently has a 50.1 MTPA mining capacity.

6)  Rashtriya Ispat Nigam Limited (RINL) 

• It runs the Visakhapatnam Steel Plant Under the Ministry of Steel.

• It is the first shore-based integrated steel factory in the nation and is well-known for producing goods that meet consumer expectations.

7) Rashtriya Fertilizers & Chemicals Limited (RCF)

• In India’s public sector, RCF is a well-known producer of chemicals and fertilizers.

• Neem urea, biofertilizers, complex fertilizers, micronutrients, and 100% water-soluble fertilizers are among the products it sells.

• Its Suphala and Ujjwala brands have strong brand value and are well-known throughout the country.

8) Mahanagar Telephone Nigam Limited (MTNL)

• This company offers fixed-line phone services in Mumbai and Delhi.

• Prepaid and postpaid plans, 3G data plans, mobile TV, international calling, and value-added services are all included in its mobile offerings.

• Subsidiaries of MTNL include Millennium Telecom Limited and Mahanagar Telephone Limited.

9) The Corporation for Buildings Construction Limited (NBCC)

• Infrastructure for national security, civil sector infrastructure, and civil construction projects are all under the purview of NBCC.

• It also emphasizes commercial and residential projects.

• Project conceptualization, feasibility studies, comprehensive project reports, procurement, construction, engineering, and other services are all offered by NBCC.

10) National Aluminium Company Limited (NALCO) 

• Based in India, NALCO produces and markets aluminium and alumina mainly.

• Its Chemical and Aluminum sectors deal with items such as alumina hydrate, calcined alumina, wire rods, billets, and strips made of aluminum.

• It runs a 4.60 TPA aluminum smelter in Angul, Odisha, and a 22.75 lakh tons per year alumina refinery plant in Damanjodi, Odisha.

Conclution

India’s navratna enterprises are essential to the country’s economic progress, operating in a variety of industries such as energy, engineering, and telecommunications. Their noteworthy contributions to India’s economic growth stem from their large-scale investments, promotion of innovation, and provision of superior goods and services.