Lok Sabha Question No. 5226 (UNSTARRED), answered on 2022-04-04
Subject: Navratna Companies
Ministry: FINANCE
Asked by: Guman Singh Damor

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION NO. 5226

## TO BE ANSWERED ON THE 4 th  April, 2022

'Navratna Companies '

5226:

SHRI GUMAN SINGH DAMOR :

## Will the Minister of Finance be pleased to state:-

- (a) the criteria laid down by the Government to declare Navratna Company;
- (b) the  number  and  names  of  Navratna  Companies  functional  at  present  in  the country along with the profit earned by these companies every year, companywise;
- (c) the  amount  of  bonus  given  to  officials  and  employees  working  in  Navratna Companies every year along with the criteria fixed in this regards;
- (d) whether the financial loss to the Navratna companies during the last ten years has led to its impending closure; and
- (e) if so, the details thereof?

## ANSWER

## THE MINISTER OF STATE FOR FINANCE (DR. BHAGWAT KISHANRAO KARAD)

- (a) :  The  Central Public Sector Enterprises (CPSEs)  which are Miniratna-I, Schedule 'A' and have obtained 'excellent ' or 'very good' MOU rating in three of the last five years are eligible for grant of Navratna status. In order to attain Navratna status, the said  CPSEs  are  required  to  have  a  composite  score  of  60  or  more  on  six performance  indicators  namely  Net  Profit  to  Net  Worth;  Manpower  Cost  to  Total Cost  of  Production  or  Cost  of  Services;  PBDIT  to  Capital  employed;  PBIT  to Turnover; Earning Per Share and Inter Sectoral Performance.

(b): A list of 13 Navratna Companies functional at present in the country along with the profit earned by these companies during 2020-21 is at Annexure.

(c): The payment of bonus to the employees of CPSEs is governed by the provisions of  the  Payment  of  Bonus  Act  1965.  As  per  available  information,  the  CPSEs employees who are drawing salary exceeding the limit / ceiling prescribed under the provisions of Bonus Act, 1965 are not eligible for bonus. Two Navratna CPSEs namely NMDC Ltd. and Rashtriya Ispat Nigam Ltd. (RINL) have paid an amount of Rs.39.75 lakhs and Rs.1.42 crores respectively as bonus to their employees during 2020-21.

(d & e): No Sir.

*****

## Annexure

## Annexure refer in reply to Part (b) of the Lok Sabha Unstarred Question No. 5226 for reply on 4 th  April, 2022

Rs. In lakhs

|   Sr. No. | Name of Navratna CPSE               | Profit / (Loss) during 2020-21   |
|-----------|-------------------------------------|----------------------------------|
|         1 | Bharat Electronics Ltd.             | 206542                           |
|         2 | Container Corporation of India Ltd. | 50333                            |
|         3 | Engineers India Ltd.                | 25950                            |
|         4 | Hindustan Aeronautics Ltd.          | 323296                           |
|         5 | Mahanagar Telephone Nigam Ltd.      | (-) 246180                       |
|         6 | National Aluminium Company Ltd.     | 129953                           |
|         7 | NBCC (India) Ltd.                   | 20174                            |
|         8 | NLC India Ltd.                      | 104179                           |
|         9 | NMDC Ltd.                           | 625305                           |
|        10 | Oil India Ltd.                      | 174159                           |
|        11 | Rashtriya Ispat Nigam Ltd.          | (-) 78910                        |
|        12 | REC Ltd.                            | 836178                           |
|        13 | Shipping Corporation Of India Ltd.  | 61810                            |