Presently, there are 14 Central Public Sector Enterprises (CPSEs) which have been granted Navratna status. As per the criteria laid down by the Government, Miniratna Category – I and Schedule ‘A’ CPSEs, which have obtained ‘excellent’ or ‘very good’ rating under the Memorandum of Understanding system in three of the last five years, and have a composite score of 60 or above in the six selected performance parameters, namely,
(i) net profit to net worth,
(ii) manpower cost to total cost of production/services,
(iii) profit before depreciation, interest and taxes to capital employed,
(iv) profit before interest and taxes to turnover,
(v) earning per share
(vi) inter sectoral performance, are eligible to be considered for grant of Navratna status.
The proposals for grant of Navratna status to CPSEs are to be initiated by the concerned administrative Ministries and are considered in terms of laid down procedure.