Government Of India Named 'Navratna' To The Group Of 9 Public Sector Enterprises In 1997 As Its Most Prestigious, Which Allow Them Great Own Law To Compete In The Global Markek & The Name Of The Companies Are : BHEL, BPCL, HPCL, IOC, IPCL, NTPC, ECIL, ONGC, VSNL & SAIL. Of Which Indian Petrochemicals Corporation Limited (IPCL) & Videsh Sanchar Nigam Ltd. (VSNL) Were Later Privatised, GAIL & MTNL Joined The List In November 1997.
Test : To Be Qualified As 'Navratna' The Company Must Obtain A Score Of 60 Out Of 100, The Score Is Based On Six Parameters Which Include Net Profit To Net Worth, Total manpower Cost To Cost Of Production or Cost Of Services, PBDIT (Profit Before Depreciation Intrest & Taxes) To capital Employed, PBDIT To Turnover, Eps (earning Per Share) And Inter-Sectoral Performance Additionally, A Company Must First Be A 'Miniratna' & Have Four Independent Directors On Its Board Before It Can Be made A 'Navratna'.
