Govt lays out eligibility criteria for ratna status

BANGALORE: The Union government has laid out eligibility criteria to grant Maharatna, Navratna and Miniratna status to Central Public Sector Enterprises (CPSEs).
Highlights of the same are as following:
For Maharatna status: Having Navratna status, Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations, Average annual turnover of more than Rs. 25,000 crore, during the last 3 years.Average annual net worth of more than Rs. 15,000 crore, during the last 3 years. Average annual net profit after tax of more than Rs. 5,000 crore, during the last 3 years. Should have significant global presence/international operations.
For Navratna status: Net profit to net worth, manpower cost to total cost of production/services, profit before depreciation, interest and taxes to capital employed, profit before interest and taxes to turnover, earning per share and inter-sectoral performance.
For Miniratna status: The CPSEs which have made profits in the last three years continuously and have positive net worth are eligible to be considered for grant of Miniratna status. Presently, there are seven Maharatna, 16 Navratna and 71 Miniratna CPSEs.