Mazagon Dock Shipbuilders Ltd. was granted the 'Navratna' status on Wednesday. Navratna companies represent top public sector undertakings in India, distinguished by their financial and operational prowess.
These companies enjoy greater financial and operational freedom. They can make investments of up to 30% of their net worth in one year, provided that it does not exceed Rs 1,000 crore. They also have the freedom to enter joint ventures, form alliances and float subsidiaries abroad.
List Of Navratna Companies In India 2024
Here are 20 companies with 'Navratna' status in 2024 so far, according to Department of Public Enterprises:
1. Bharat Electronics Ltd.
A pioneer in defence electronics, BEL specialises in the development of advanced communication, radar, and missile systems.
2. Container Corp. of India
Concor is India's largest logistics company, offering efficient multimodal transportation and logistics solutions.
3. Engineers India Ltd.
EIL is a leading engineering consultancy and engineering, procurement, and construction company providing services in oil and gas, petrochemicals, and infrastructure sectors.
4. Hindustan Aeronautics Ltd.
HAL is India's premier aerospace and defence company, involved in the design, manufacture, and maintenance of aircraft and related systems.
5. Mahanagar Telephone Nigam Ltd.
MTNL provides telecom services in major metropolitan cities of Delhi and Mumbai, offering landline, broadband, and mobile services.
6. National Aluminium Co.
NALCO is a leading integrated aluminum producer, involved in mining, refining, and producing aluminium and related products.
7. National Buildings Construction Corp.
NBCC is a public sector construction company engaged in the execution of projects across sectors, like real estate, infrastructure, and urban development.
8. Neyveli Lignite Corp.
NLC is a lignite mining and power generation company, contributing significantly to India's energy security.
9. NMDC Ltd.
NMDC is India's largest iron ore producer and a significant player in the exploration and mining of minerals like iron ore, copper, and limestone.
10. Rashtriya Ispat Nigam Ltd.
RINL operates under the brand name, Vizag Steel, and is engaged in the production of steel products for various industrial applications.
11. Shipping Corp. Of India
SCI is the largest Indian shipping company involved in ocean transportation and logistics services globally.
12. Rail Vikas Nigam Ltd.
RVNL is dedicated to the development and modernisation of railway infrastructure across India, including track laying and electrification.
13. ONGC Videsh Ltd.
ONGC Videsh is the international arm of Oil and Natural Gas Corp., India's largest oil and gas exploration and production company, with operations in numerous countries.
14. Rashtriya Chemicals And Fertilizers Ltd.
RCFL manufactures fertilizers and chemicals, contributing to India's agricultural sector and industrial chemicals market.
15. IRCON International Ltd.
IRCON is an infrastructure construction company specialising in railways, highways, and airport projects, both in India and internationally.
16. RITES Ltd.
RITES is a consulting and engineering company specialising in transport infrastructure, including railways, highways, and urban planning.
17. National Fertilizers Ltd.
NFL is a major producer of nitrogenous fertilizers and other agro-inputs, supporting India's agricultural productivity.
18. Central Warehousing Corp.
CWC provides warehousing and logistics services crucial for storage and distribution of agricultural produce and other commodities.
19. Housing And Urban Development Corp.
HUDCO finances housing and urban infrastructure projects in India, promoting sustainable development and urbanisation.
20. Indian Renewable Energy Development Agency Ltd.
IREDA finances and promotes renewable energy projects across India, contributing to the country's green energy transition.
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