Companies Being Granted Miniratna Category With Power Of Autonomy – Why & How
After conferring the Maharatna and Navratna status to many deserving public sector enterprises in India, the government found it necessary to further encourage the new and upcoming companies with some autonomy and special status. It was then coined that some companies will be included under Miniratna category II company status.
In an effort to bring about uniformity in this kind of inclusion, it was decided that the PSEs should have certain financial criteria to be fulfilled.
- One important requirement was to have a profit since last 3 years continuously and the total net worth should be positive.
- These companies, after being included in the Miniratna category II, could make expenditures on modernisation, purchase and new projects to a total sum of Rs 300 crores or 50% of their net worth, whichever was lower, without seeking approval of the government.
By having such a financial autonomy, a lot of time was saved and companies could hurry in making investments. There were other criteria involved, which dealt with management issues, but the overall effort was targeted at providing more independence to the Miniratna category II companies.
Further analysis and follow-ups have been done regularly by the Department of Public Enterprises to review the criteria and autonomy allotted to the sanction of Miniratna category II.
Miniratna Companies Recruitment 2015-16
Bharat Pumps & Compressors Limited – Bharat Pumps and compressors Ltd Recruitment 2015
Broadcast Engineering Consultants (I) Limited – BECIL Recruitment 2015
Central Mine Planning & Design Institute Limited
Ed.CIL (India) Limited – EDCIL Recruitment 2015
Engineering Projects (India) Limited –
FCI Aravali Gypsum & Minerals India Limited – FCI Aravali Gypsum & Minerals India Ltd. Recruitment 2015
Ferro Scrap Nigam Limited – Ferro Scrap Nigam Limited Recruitment 2015
HMT (International) Limited – HMT International Limited Recruitment 2015
HSCC (India) Limited – HSCC Recruitment 2015
India Trade Promotion Organisation – ITPO Recruitment 2015
Indian Medicines & Pharmaceuticals Corporation Limited –
M E C O N Limited – MECON Limited Recruitment 2015
National Film Development Corporation Limited – NFDC Recruitment 2015
National Small Industries Corporation Limited –
P E C Limited –
Rajasthan Electronics & Instruments Limited – REIL Jaipur Recruitment 2015