CPSE NHPC & SJVN Accorded Navratna Status by the Indian Government

The government of India has upgraded the status of the Central Government Public Sector Enterprise (CPSE)  and SJVN limited  from Mini Ratna Category-1  to Navratna status. The status of the NHPC and SJVN  was changed by an order issued by the  Department of Public Enterprise (Ministry of Finance) on 30 August 2024.

Both the CPSEs come under the Union Ministry of Power and the total number of CPSE having Navratna status as of 31 August 2024 has risen to 23.

The status upgrades of both CPSEs will lead to greater financial autonomy for the management of both the companies.

Benefits of being  Navratna Company 

Some of the benefits enjoyed by a CPSE which are accorded Navratna status are as follows: 

• Invest up to Rs 1,000 crore or 15% of their net worth in a single project without needing prior approval of the central government,
• Enter into technology joint ventures or strategic alliances without the permission of the central government,
• To establish financial joint ventures and wholly owned subsidiaries in India or abroad with certain conditions 

Eligibility Criteria to be a Navratna 

A CPSE has to meet the following conditions to be granted a Navratna status:

• The CPSEs have Miniratna - category 1 status,
• obtained ‘excellent’ or ‘very good’ Memorandum of Understanding rating in three of the last five years, 
• having a composite score of 60 or above in the identified six performance indicators.

List of Navratna CPSEs (as of 30 August 2024)

As of August 2024, there were 23 Navratna CPSEs. The list of the CPSEs is as follows.

1. Bharat Electronics Limited 
2. Container Corporation of India Limited
3. Engineers India Limited 
4. Hindustan Aeronautics Limited 
5. Mahanagar Telephone Nigam Limited 
6. National Aluminium Company Limited 
7. National Buildings Construction Corporation Limited 
8. Neyveli Lignite Corporation Limited 
9. NHPC
10. NMDC Limited
11. Rashtriya Ispat Nigam Limited
12. Shipping Corporation of India Limited 
13. Rail Vikas Nigam Limited 
14. ONGC Videsh Ltd 
15. Rashtriya Chemicals & Fertilizers Limited 
16. IRCON 
17. RITES 
18. National Fertilizers Limited
19. Central Warehousing Corporation 
20. Housing & Urban Development Corporation Limited 
21. Indian Renewable Energy Development Agency Limited 
22. Mazagon Dock Shipbuilders Limited 
23. SJVN 

About NHPC Limited 

NHPC Ltd was set up as National Hydroelectric Power Corporation Ltd in 1975 under the Companies Act of 1956. 

It was later renamed NHPC Ltd on 28 March 2008. 

The company comes under the administrative control of the Union Ministry of Power.

It is mainly in the business of developing hydro power, wind and solar power projects.

NHPC's total installed capacity is 7144.20 MW, and it aims to increase to 23000 MW by 2032 and 50000 MW by 2047.

Headquarters: Faridabad, Haryana 

Chairman and Managing Director: Raj Kumar Chaudhary 

About SJVN 

The SJVN  is a joint venture company set up by the Government of India and the Himachal Pradesh Government in 1988.

The company was known as Satluj Jal Vidyut Nigam Limited, but later, in 2009, it changed its name to SJVN.

The company is in the business of hydel, wind, solar and power transmission lines. Thecurrent installed capacity of the company is  2467 MW and the company also operates 123 km power Transmission Line. 

The company is currently implementing or operating  power projects in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra, Uttar Pradesh, Punjab, Gujarat, Arunachal Pradesh, Rajasthan, Assam, Odisha, Mizoram, and Madhya Pradesh in India, as well as in Nepal.

Headquarters: Shimla, Himachal Pradesh 

Chairman and Managing Director: Sushil Sharma