The PSU awards are a collaborative effort to celebrate the spirit of state based capitalism in India. PSU’s have contributed immensely to the growth and development of India not only in producing goods and services of exceptional quality but also in providing employment to the best and the brightest in the country. The awards celebrate PSU’s excellence in different spheres of their activity.

2. • PSU’s form a backbone of any State based Industrial Economy.
• In India too the PSUs came into existence after the industrial policy resolution of 1956.
• India has seen a growth in the number of public sector enterprises from 5 CPSE’s with a paid up
capital of 29 Crore in 1951 to 248 PSU’s with a paid up capital of 666848 Crore in 2011.
• The core mission of the awards is to evaluate PSUs so as to instill in them the spirit of healthy
competition which year on year would improve their performance and help them serve the
society in a better way.
THE GENESIS

3. CONCEPT OF COMPETITIVENESS
• Competitiveness is determined by the productivity (value per unit of input) with which a nation /
firm uses its human, capital, and natural resources.
- Productivity sets a the standard of living (wages, returns on capital, returns on natural resources)
that a Firm / Nation can sustain
- Productivity depends on the prices that a firm’s products and services command (e.g.
uniqueness, quality), not just on efficiency
- It is not what industries a firm/ Nation competes in that matters for prosperity, but how it
competes in those industries
- Productivity requires a combination of domestic and foreign firms operating in the nation
- The productivity of “local” or domestic industries is fundamental to competitiveness, not just
that of traded industries

4. Data Collection
Data Analysis and Results to the Jury
Jury Decision and Results
Awards Ceremony
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AWARDS PROCESS

5. CATEGORIZATION OF PSU’S IN INDIA
MaharatnaNavratnaMiniratna 1Miniratna II
• Having Navratna status
• Listed on Indian Stock Exchange with minimum
• prescribed shareholding under SEBI guidelines
• Avg annual turnover > Rs. 25,000 Cr. in last 3
• Years
• Avg annual networth > Rs. 15,000 Cr. in last 3
• Years
• Avg annual net profit > Rs. 5000 Cr. in last 3
• Years
• Significant global presence or international operations
• At present there are 7 Maharatna CPSE’s
• Should be a Miniratna I & Schedule A
company
• Achieved ‘excellent‘ / very good‘ rating in 3
of the last 5 MOUs
• Obtained composite score of 60 or more for 7
identified parameters/ ratios
• At present there are 14 Navratna CPSE’s
• Profits in last 3 years; pre-tax profit of Rs.30 crores or
more in any one of last 3 years
• Positive net-worth
• No defaults in repayment of principal
• & interest on Government loans
• No budgetary support or Government
• guarantees
• Presence of at least 3 Independent
• directors on Board
• Profits in last 3 years
• Positive net-worth
• No defaults in repayment of principal
• & interest on Government loans
• No budgetary support or Government
• Guarantees
• Presence of at least 3 Independent
• directors on Board

6. NUMBER OF PSU’S IN INDIA
S . No Category
Number of
Enterprises
1 Maharatna PSU's 7
2 Navratna PSU's 14
3 Miniratna Category 1+2 PSU's 69
4 Other PSU's 170*
Note: This is a figure arrived at by subtracting the total of the 3 categories mentioned above by
total PSU's in the PE Survey.

7. METHODOLOGY OF ASSESSMENT
• Data collection of PSU’s data for the latest 5 years from CMIE prowess
database.
• Calculation of the performance based on pre-selected 5 ratios.
• Sorting of the data on the classification of PSU’s (Maharatna, Navratna,
Miniratna 1, Miniratna 2 and Other PSU’s (together)).
• Choosing the winners across these PSU classification (Maharatna, Navratna,
Miniratna 1, Miniratna 2 and other PSU’s (together) )based on the preselected 5
ratios.
• 5 Jury Awards to be given to exceptional PSU enterprises which have
contributed to national development.

8. CATEGORIES OF AWARDS
• Strategic Performance
• Human Resource Utilization
• Strategic Turnaround
• Asset Utilization
• Overall Growth and Competitiveness
• 5 Jury Awards

9. THE RATIOS FOR ASSESSMENT
• Strategic Performance:
• Human Resource Utilization:
• Strategic Turnaround:
• Asset Utilization:
• Overall Growth and Competitiveness:
Note L Denotes the latest year.
Value Added here is calculated as (Sales – Expenses)

10. LIST OF PSU’S TAKEN FOR THE STUDY
Maharatna
Bharat Heavy Electricals Ltd.
Coal India Ltd.
G A I L (India) Ltd.
Indian Oil Corpn. Ltd.
N T P C Ltd.
Oil & Natural Gas Corpn. Ltd.
Steel Authority Of India Ltd.
Navratna
Bharat Electronics Ltd.
Bharat Petroleum Corpn. Ltd.
Hindustan Aeronautics Ltd.
Hindustan Petroleum Corpn. Ltd.
Mahanagar Telephone Nigam Ltd.
N M D C Ltd.
National Aluminium Co. Ltd.
Neyveli Lignite Corpn. Ltd.
Oil India Ltd.
Power Finance Corpn. Ltd.
Power Grid Corpn. Of India Ltd.
Rashtriya Ispat Nigam Ltd.
Rural Electrification Corpn. Ltd.
Shipping Corpn. Of India Ltd.

11. LIST OF PSU’S TAKEN FOR THE STUDY
CPSE Category 1
Airports Authority Of India
Antrix Corporation Ltd.
B E M L Ltd.
Balmer Lawrie & Co. Ltd.
Bharat Dynamics Ltd.
Bharat Sanchar Nigam Ltd.
Bridge & Roof Co. (India) Ltd.
Central Coalfields Ltd.
Central Warehousing Corpn.
Chennai Petroleum Corpn. Ltd.
Cochin Shipyard Ltd.
Container Corpn. Of India Ltd.
Dredging Corpn. Of India Ltd.
Engineers India Ltd.
Ennore Port Ltd.
Garden Reach Shipbuilders & Engineers Ltd.
H L L Lifecare Ltd.
Hindustan Copper Ltd.
Hindustan Newsprint Ltd.
Hindustan Paper Corpn. Ltd.
Housing & Urban Development Corpn. Ltd.
India Tourism Devp. Corpn. Ltd.
Indian Railway Catering & Tourism Corpn. Ltd.
Ircon International Ltd.
K I O C L Ltd.
M M T C Ltd.

12. LIST OF PSU’S TAKEN FOR THE STUDY
CPSE Category 1 Continued
M O I L Ltd.
M S T C Ltd.
Mahanadi Coalfields Ltd.
Mangalore Refinery & Petrochemicals Ltd.
Mazagon Dock Ltd.
Mishra Dhatu Nigam Ltd.
N H P C Ltd.
National Fertilizers Ltd.
National Seeds Corpn. Ltd.
North Eastern Electric Power Corpn. Ltd.
Northern Coalfields Ltd.
Numaligarh Refinery Ltd.
O N G C Videsh Ltd.
Pawan Hans Helicopters Ltd.
Projects & Development India Ltd.
Railtel Corporation Of India Ltd.
Rashtriya Chemicals & Fertilizers Ltd.
Rites Ltd.
S J V N Ltd.
Security Printing & Minting Corpn. Of India Ltd.
South Eastern Coalfields Ltd.
State Trading Corpn. Of India Ltd.
T H D C India Ltd.
Telecommunications Consultants India Ltd.
Wapcos Ltd.
Western Coalfields Ltd.

13. LIST OF PSU’S TAKEN FOR THE STUDY
CPSE Category 2
Bharat Pumps & Compressors Ltd.
Central Mine Planning & Design Institute Ltd.
E D C I L (India) Ltd.
Engineering Projects (India) Ltd.
F C I Aravali Gypsum & Minerals India Ltd.
Ferro Scrap Nigam Ltd.
H M T (International) Ltd.
H S C C (India) Ltd.
India Trade Promotion Orgn.
Indian Medicines Pharmaceuticals Corp. Ltd.
Mecon Ltd.
National Film Devp. Corpn. Ltd.
National Small Inds. Corpn. Ltd.
P E C Ltd.
Rajasthan Electronics & Instruments Ltd.

14. LIST OF PSU’S
Other CPSE's
Air India Air Transport Services Ltd.
Air India Engg. Services Ltd.
Air India Ltd.
Andaman & Nicobar Islands Forest & Plant. Devp. Corpn. Ltd.
Andrew Yule & Co. Ltd.
Artificial Limbs Mfg. Corpn. Of India
Balmer Lawrie Invsts. Ltd.
Bengal Chemicals & Pharmaceuticals Ltd.
Bharat Bhari Udyog Nigam Ltd.
Bharat Coking Coal Ltd.
Bharat Heavy Plate & Vessels Ltd.
Bharat Immunologicals & Biologicals Corpn. Ltd.
Bharat Petroresources J P D A Ltd.
Bharat Petroresources Ltd.
Bharat Wagon & Engg. Co. Ltd.
Bhartiya Rail Bijlee Co. Ltd.
Biecco Lawrie Ltd.
Bihar Drugs & Organic Chemicals Ltd.
Birds Jute & Exports Ltd.
Bisra Stone Lime Co. Ltd.
Bokaro-Kodarama Maithon Transmission Co. Ltd.
Brahmaputra Cracker & Polymer Ltd.
Brahmaputra Valley Fertilizer Corpn. Ltd.
Braithwaite & Co. Ltd.
Braithwaite Burn & Jessop Construction Co. Ltd.
British India Corpn. Ltd.
Brushware Ltd.
Burn Standard Co. Ltd.
Cement Corpn. Of India Ltd.
Central Cottage Inds. Corpn. Of India Ltd.

15. LIST OF PSU’S
Other CPSE's
Central Electronics Ltd.
Central Inland Water Transport Corpn. Ltd.
Certification Engineers International Ltd.
Chhattisgarh Surguja Power Ltd.
Coastal Karnataka Power Ltd.
Coastal Maharashtra Mega Power Ltd.
Coastal Tamil Nadu Power Ltd.
Cotton Corporation Of India Ltd.
East North Interconnection Co. Ltd.
Eastern Coalfields Ltd.
Eastern Investments Ltd.
Electronics Corporation Of India Ltd.
Export Credit Guarantee Corpn. Of India Ltd.
Fertilizer Corpn. Of India Ltd.
Food Corpn. Of India
Fresh & Healthy Enterprises Ltd.
G A I L Gas Ltd.
H M T Bearings Ltd.
H M T Chinar Watches Ltd.
H M T Ltd.
H M T Machine Tools Ltd.
H M T Watches Ltd.
H P C L Biofuels Ltd.
Handicrafts & Handlooms Exports Corpn. Of India Ltd.
Heavy Engineering Corpn. Ltd.
Hindustan Antibiotics Ltd.
Hindustan Cables Ltd.
Hindustan Fertilizer Corpn. Ltd.
Hindustan Fluorocarbons Ltd.

16. LIST OF PSU’S
Other CPSE's
Hindustan Insecticides Ltd.
Hindustan Organic Chemicals Ltd.
Hindustan Photo Films Mfg. Co. Ltd.
Hindustan Prefab Ltd.
Hindustan Salts Ltd.
Hindustan Shipyard Ltd.
Hindustan Steelworks Construction Ltd.
Hindustan Vegetable Oils Corpn. Ltd.
Hooghly Dock & Port Engineers Ltd.
Hooghly Printing Co. Ltd.
Hotel Corpn. Of India Ltd.
I A L Shipping Agencies (Chennai) Ltd.
I T I Ltd.
India Infrastructure Finance Co. Ltd.
Indian Drugs & Pharmaceuticals Ltd.
Indian Railway Finance Corpn. Ltd.
Indian Rare Earths Ltd.
Indian Renewable Energy Devp. Agency Ltd.
Indian Vaccines Corpn. Ltd.
Instrumentation Control Valves Ltd.
Instrumentation Digital Control Ltd.
Instrumentation Ltd.
Intelligent Communication Systems India Ltd.
J & K Mineral Devp. Corpn. Ltd.
Jharkhand Integrated Power Ltd.
Jute Corpn. Of India Ltd.
Karnataka Antibiotics & Pharmaceuticals Ltd.
Karnataka Trade Promotion Organisation
Konkan Railway Corpn. Ltd.

17. LIST OF PSU’S
Other CPSE's
Madras Fertilizers Ltd.
Maharashtra Elektrosmelt Ltd. [Merged]
Mineral Exploration Corpn. Ltd.
Mumbai Railway Vikas Corpn. Ltd.
N H D C Ltd.
N T P C Electric Supply Co. Ltd.
N T P C Hydro Ltd.
N T P C Vidyut Vyapar Nigam Ltd.
Nagaland Pulp & Paper Co. Ltd.
National Buildings Construction Corpn. Ltd.
National Handloom Devp. Corpn. Ltd.
National Informatics Centre Services Inc.
National Jute Mfrs. Corpn. Ltd.
National Projects Construction Corpn. Ltd.
National Research Devp. Corpn.
National Scheduled Castes Finance & Devp. Corpn.
National Scheduled Tribes Finance & Devp. Corpn.
National Textile Corpn. Ltd.
Nepa Ltd.

18. LIST OF PSU’S
Other CPSE’s
North Eastern Handicrafts & Handloom Devp. Corpn. Ltd.
North Eastern Regional Agri. Mktg. Corp. Ltd.
North Karanpura Transmission Co. Ltd.
Nuclear Power Corpn. Of India Ltd.
Orissa Drugs & Chemicals Ltd.
Orissa Integerated Power Ltd.
Orissa Minerals Development Co. Ltd.
P F C Consulting Ltd.
R E C Power Distribution Co. Ltd.
R E C Transmission Projects Co. Ltd.
Rail Vikas Nigam Ltd.
Rajasthan Drugs & Pharmaceuticals Ltd.
Richardson & Cruddas Ltd.
S T C L Ltd.
Sakhigopal Integrated Power Co. Ltd.
Sambhar Salts Ltd.
Scooters India Ltd.
State Farms Corpn. Of India Ltd.
Talcher Ii Transmission Co. Ltd.
Tamilnadu Telecommunications Ltd.
Tamilnadu Trade Promotion Organisation
Triveni Structurals Ltd.
Tungabhadra Steel Products Ltd.
Tyre Corpn. Of India Ltd.
Uranium Corpn. Of India Ltd.
Utkal Ashok Hotel Corpn. Ltd.
Vignyan Industries Ltd.

19. JURY MEMBERS
• Manoj Kumar, Managing Partner. Hammurabi & Solomon Consulting, LLP
• Rohit Bansal, CEO, India Strategy Group, Hammurabi & Solomon Consulting, LLP
• Amit Kapoor, Honorary Chairman, Institute for Competitiveness, India
• Alam Srinivas, Independent Business Journalist, Columnist, Author & Former Editor-Outlook
Business
• B. V. Rao, Editor, GovernanceNow Magazine

20. The End