The government has decided to list large and profitable Central Public Sector Enterprises (CPSEs) on domestic exchanges, the Lok Sabha was informed today.
“The government has decided, in principle, to list large, profitable CPSEs on domestic exchanges,” the Minister of State for Heavy Industries and Public Enterprises Raghunath Jha said in a written reply in the Lok Sabha. The government has enunciated its policy towards public sector in the National Common Minimum Programme, which provides that it will retain existing Navratna companies while these companies raise resources from the capital market, it said.
The minister said: “The conferment or divestment of Navratna status to CPSEs is decided on the basis of laid-down criteria. The government has also empowered the Board of Navratna status CPSEs in the areas of capital expenditure, human resources management.”
The criteria includes a composite score calculated for the six selected parameters and on the recommendations of Apex Committee.
