How many companies are there in Miniratna CPSEs?

The correct answer is 73.

Key Points

• There are 73 Miniratna Central Public Sector Enterprises (CPSEs) in India.
• Miniratna status is granted by the Government of India to certain CPSEs to give them more autonomy and flexibility.
• These enterprises are categorized into Miniratna Category-I and Miniratna Category-II based on their financial performance and other criteria.
• Miniratna Category-I CPSEs can incur a capital expenditure of up to Rs. 500 crore without government approval.
• Miniratna Category-II CPSEs can incur a capital expenditure of up to Rs. 300 crore without government approval.

Additional Information

• Navratna and Maharatna Status:
  • Navratna and Maharatna statuses are higher categories granted to CPSEs with better financial performance and more significant operational autonomy.
  • Navratna CPSEs can invest up to Rs. 1,000 crore or 15% of their net worth on a single project without seeking government approval.
  • Maharatna CPSEs can invest up to Rs. 5,000 crore or 15% of their net worth on a single project without government approval.
• Eligibility Criteria for Miniratna Status:
  • To be eligible for Miniratna status, a CPSE must have made profits for the last three years continuously and must have a positive net worth.
  • Miniratna Category-I CPSEs must have earned a pre-tax profit of Rs. 30 crore or more in at least one of the three years.
  • Miniratna Category-II CPSEs must have made profits for the last three years continuously and should have a positive net worth.
• Benefits of Miniratna Status:
  • Miniratna status allows CPSEs greater operational and financial autonomy to make business decisions.
  • This autonomy helps these enterprises to improve their efficiency and competitiveness in the market.
• Examples of Miniratna CPSEs:
  • Some examples of Miniratna CPSEs include Airports Authority of India (AAI), Bharat Sanchar Nigam Limited (BSNL), and Indian Railway Catering and Tourism Corporation (IRCTC).
  • These enterprises play a critical role in various sectors, including infrastructure, telecommunications, and tourism.