Question

Which one of the following Central Public Sector Undertakings (CPSUs) is recognized as Miniratnas?
1. Airport Authority of India
2. Indian Oil Corporation Limited
3. Hindustan Aeronautics Limited
4. Steel Authority of India Limited

Answer 1

Correct Answer - Option 1 : Airport Authority of India

The correct answer is Airport Authority of India.

•  Criteria for any company to be a Miniratna Company are-
  • Have made profits continuously for three years or Earned a net profit of Rs. 30 crores or more in one of the three years
  • Have made profits continuously for the last three years and should have a positive net worth.
  • Benefits for Investment Financial Autonomy up to Rs. 500 crore or equal to their net worth, whichever is lower.
  • Financial Autonomy of up to Rs. 300 crore or up to 50% of their net worth, whichever is lower.

•  The list of 14 Category I mini Ratna companies are as follows-
  • Airports Authority of India (AAI)
  • Antrix Corporation
  • Bharat Dynamics Limited (BDL)
  • Bharat Earth Movers Limited (BEML)
  • Bharat Sanchar Nigam Limited (BSNL)
  • Central Warehousing Corporation
  • Cochin Shipyard (CSL)
  • Dredging Corporation of India (DCI)
  • Garden Reach Shipbuilders & Engineers (GRSE)
  • Goa Shipyard (GSL)
  • India Tourism Development Corporation (ITDC)
  • Indian Railway Catering and Tourism Corporation (IRCTC)
  • IRCON  International
  • Mazagaon Dock Shipbuilders Limited