| Date (Latest → Oldest) | CPSE | New Status | Category | Ministry / Sector | Key Significance |
|---|---|---|---|---|---|
| 03 Feb 2026 | Yantra India Limited (YIL) | Miniratna | Category-I | Defence (MoD) | Ammunition manufacturer; part of Ordnance Factory reforms; boosts indigenisation |
| 02 Dec 2025 | Numaligarh Refinery Ltd (NRL) | Navratna | — | Petroleum & Natural Gas | Became 27th Navratna CPSE; higher autonomy for refinery expansion |
| 14 Oct 2025 | Hindustan Shipyard Ltd (HSL) | Miniratna | — | Shipping / Defence | Strengthens maritime, green shipbuilding & defence capability |
| 30 May 2025 | Munitions India Ltd (MIL) | Miniratna | Category-I | Defence (MoD) | Ammunition & explosives; post-Ordnance Factory restructuring |
| 30 May 2025 | Armoured Vehicles Nigam Ltd (AVNL) | Miniratna | Category-I | Defence (MoD) | Armoured & combat vehicles; enhances self-reliance |
| 30 May 2025 | India Optel Ltd (IOL) | Miniratna | Category-I | Defence (MoD) | Defence optics & opto-electronics |
| 03 Mar 2025 | Indian Railway Finance Corporation (IRFC) | Navratna | — | Railways | 26th Navratna CPSE; strengthens railway financing |
| 03 Mar 2025 | Indian Railway Catering & Tourism Corp (IRCTC) | Navratna | — | Railways | 25th Navratna CPSE; higher autonomy in services |
| Feature | Maharatna | Navratna | Miniratna (Cat I) | Miniratna (Cat II) |
|---|---|---|---|---|
| Introduced In | 2010 | 1997 | 1997 | 1997 |
| Prerequisite Status | Must be Navratna | Must be Miniratna Cat I | Regular CPSE | Regular CPSE |
| Profit Requirement | ≥ ₹2,500 crore (avg of 3 yrs) | Scored parameter | Profit for 3 consecutive yrs | Profit for 3 consecutive yrs |
| Net Worth Requirement | ≥ ₹10,000 crore (avg of 3 yrs) | Scored parameter | Positive | Positive |
| Turnover Requirement | ≥ ₹20,000 crore (avg of 3 yrs) | Scored parameter | Not specified | Not specified |
| Scoring System | Not applicable | ≥ 60/100 | Not applicable | Not applicable |
| Independent Directors | As per Navratna norms | Minimum 4 | Not mandatory | Not mandatory |
| Global Presence | Strong international footprint | Sectoral importance | Not mandatory | Not mandatory |
| Investment Limit (Single Project) | Up to ₹5,000 crore or 15% of net worth | Up to ₹1,000 crore or 15% of net worth | Up to ₹500 crore or net worth | Up to ₹300 crore |
| Govt Approval Needed | Not required (within limits) | Not required (within limits) | Not required (within limits) | Not required (within limits) |
| Mergers & Acquisitions | Full freedom | Limited freedom | Restricted | Restricted |
| Joint Ventures | Full freedom (India & abroad) | Permitted | Limited | Limited |
| Operational Autonomy | Very high | High | Moderate | Limited |
| Decision-Making Speed | Fastest | Fast | Moderate | Relatively slow |
| Strategic Role | Global expansion & mega projects | Sector leaders | Growth-oriented CPSEs | Entry-level autonomy |
| Category | Number of CPSEs (2025) | Broad Significance |
|---|---|---|
| Maharatna | 14 | India’s largest CPSEs with global scale and strategic importance |
| Navratna | 27 | Sector-leading CPSEs with high financial and operational autonomy |
| Miniratna | 74 (Cat I + II) | Profit-making CPSEs with varying degrees of autonomy |
| Sector | Company |
|---|---|
| Oil & Gas | ONGC |
| Power | NTPC |
| Oil Refining & Marketing | Indian Oil Corporation (IOCL) |
| Coal | Coal India |
| Power Transmission | Power Grid Corporation of India |
| Heavy Engineering | BHEL |
| Oil & Gas | GAIL |
| Petroleum | BPCL |
| Petroleum | HPCL |
| Power Finance | Power Finance Corporation (PFC) |
| Power Finance | Rural Electrification Corporation (REC) |
| Steel | SAIL |
| Oil & Gas | Oil India |
| Defence & Aerospace | Hindustan Aeronautics Limited (Maharatna since Oct 2024) |
| Area | CPSEs |
|---|---|
| Defence & Electronics | Bharat Electronics Limited |
| Infrastructure & Construction | NBCC (India), Ircon International, RITES |
| Metals & Minerals | NALCO, NMDC, RINL |
| Energy | NLC India, NHPC, SJVN |
| Railways | RVNL, RailTel, IRCTC, IRFC |
| Oil & Gas (Overseas) | ONGC Videsh |
| Fertilizers | RCF, NFL |
| Telecom | MTNL |
| Shipping & Logistics | SCI, CONCOR |
| Urban Development & Housing | HUDCO |
| Warehousing | Central Warehousing Corporation |
| Renewable Energy | IREDA, SECI |
| Defence Shipbuilding | Mazagon Dock Shipbuilders |
(Total: 26 Navratna CPSEs)
| Sector | Company |
|---|---|
| Aviation | Airports Authority of India |
| Defence | Bharat Dynamics Limited |
| Earth-moving Equipment | BEML |
| Telecom | BSNL |
| Petroleum | Chennai Petroleum Corporation |
| Shipbuilding | Cochin Shipyard |
| Coal | BCCL, CCL |
| Engineering & Design | CMPDI |
| Metals | MIDHANI |
| Space & Satellites | Antrix Corporation |
| Manufacturing & Services | Balmer Lawrie |
| Defence Shipbuilding | GRSE, Goa Shipyard |
| Sector | Company |
|---|---|
| Engineering Consultancy | MECON |
| Pharmaceuticals | Indian Medicines Pharmaceutical Corporation |
| Media & Films | National Film Development Corporation |
| Electronics | Rajasthan Electronics & Instruments Ltd |
| Engineering Projects | Engineering Projects (India) Ltd |
| Scrap & Recycling | Ferro Scrap Nigam |
| Medical Devices | Artificial Limbs Manufacturing Corporation |
| SI | Company | Established | Maharatna Status Year |
|---|---|---|---|
| 1 | Hindustan Aeronautics Limited (HAL) | 1940 | 2024 |
| 2 | Oil India Limited (OIL) | 1959 | 2023 |
| 3 | Rural Electrification Corporation (REC Ltd) | 1969 | 2022 |
| 4 | Power Grid Corporation of India Limited (POWERGRID) | 1989 | 2021 |
| 5 | Power Finance Corporation (PFC) | 1986 | 2019 |
| 6 | Hindustan Petroleum Corporation Limited (HPCL) | 1974 | 2019 |
| 7 | Bharat Petroleum Corporation Limited (BPCL) | 1952 | 2017 |
| 8 | Bharat Heavy Electricals Limited (BHEL) | 1964 | 2013 |
| 9 | GAIL (India) Limited | 1984 | 2013 |
| 10 | Coal India Limited (CIL) | 1975 | 2011 |
| 11 | NTPC Limited | 1975 | 2010 |
| 12 | Oil & Natural Gas Corporation (ONGC) | 1956 | 2010 |
| 13 | Steel Authority of India Limited (SAIL) | 1973 | 2010 |
| 14 | Indian Oil Corporation Limited (IOCL) | 1959 | 2010 |
| SI | Company | Established | Navratna Status Year |
|---|---|---|---|
| 1 | Indian Railway Catering & Tourism Corporation (IRCTC) | 1999 | 2025 |
| 2 | Indian Railway Finance Corporation (IRFC) | 1986 | 2025 |
| 3 | National Fertilisers Limited (NFL) | 1974 | 2024 |
| 4 | Central Warehousing Corporation (CWC) | 1957 | 2024 |
| 5 | Housing & Urban Development Corporation (HUDCO) | 1970 | 2024 |
| 6 | Indian Renewable Energy Development Agency (IREDA) | 1987 | 2024 |
| 7 | Mazagon Dock Shipbuilders Limited | 1934 | 2024 |
| 8 | RailTel Corporation of India Limited | 2000 | 2024 |
| 9 | Solar Energy Corporation of India (SECI) | 2011 | 2024 |
| 10 | NHPC Limited | 1975 | 2024 |
| 11 | SJVN Limited | 1988 | 2024 |
| 12 | Rail Vikas Nigam Limited (RVNL) | 2003 | 2023 |
| 13 | IRCON International Limited | 1976 | 2023 |
| 14 | RITES Limited | 1974 | 2023 |
| 15 | Container Corporation of India (CONCOR) | 1988 | 2014 |
| 16 | Engineers India Limited (EIL) | 1965 | 2014 |
| 17 | NBCC (India) Limited | 1960 | 2014 |
| 18 | NLC India Limited | 1956 | 2011 |
| 19 | Rashtriya Ispat Nigam Limited (RINL) | 1971 | 2010 |
| 20 | National Aluminium Company Limited (NALCO) | 1981 | 2008 |
| 21 | National Mineral Development Corporation (NMDC) | 1958 | 2008 |
| 22 | Shipping Corporation of India (SCI) | 1961 | 2008 |
| 23 | ONGC Videsh Ltd (OVL) | 1965 | 2008 |
| 24 | Rashtriya Chemicals & Fertilisers (RCF) | 1978 | 2008 |
| 25 | Bharat Electronics Limited (BEL) | 1954 | 2007 |
| 26 | Mahanagar Telephone Nigam Limited (MTNL) | 1986 | 1997 |