Confused about the pulic sector stocks that are eligible under the Rajiv Gandhi Equity Savings Scheme? Here's to getting your doubts cleared.. An article by Fundsupermart.com

1. Stocks that can be purchased under RGESS
Confused about the pulic sector stocks that are eligible under the Rajiv Gandhi Equity
Savings Scheme? Here's to getting your doubts cleared
Author : iFast Content
Under the Rajiv Gandhi Equity Savings Scheme (RGESS), an entire gamut of listed public
sector companies have been thrown open for investing. Unfortunately, investors are not sure
which companies these are. Here we aim to provide clarity on that front.
With the aim of nudging public sector enterprises (PSEs) towards profitability, the government
grants certain financial and operational autonomy in degrees. Depending on various
parameters, such as the average annual turnover over the past three years along with net profit
and net worth, the PSEs are eligible for enhanced delegated powers in certain areas. A common
example, for instance, would be capital expenditure up to a limit not requiring government
approval.
These PSEs are further categorised into sub-categories: Maharatna, Navratna and Miniratna.
According to the Department of Public Enterprises, here are the companies that fall into the
various categories as on February 2013.
Maharatna
1. Bharat Heavy Electricals Limited
2. Coal India Limited
3. GAIL (India) Limited
4. Indian Oil Corporation Limited
5. NTPC Limited
6. Oil & Natural Gas Corporation Limited
7. Steel Authority of India Limited
Navratna
1. Bharat Electronics Limited
2. Bharat Petroleum Corporation Limited
3. Hindustan Aeronautics Limited
4. Hindustan Petroleum Corporation Limited
5. Mahanagar Telephone Nigam Limited
6. National Aluminium Company Limited
7. NMDC Limited
8. Neyveli Lignite Corporation Limited
9. Oil India Limited
10. Power Finance Corporation Limited
11. Power Grid Corporation of India Limited
12. Rashtriya Ispat Nigam Limited
13. Rural Electrification Corporation Limited
14. Shipping Corporation of India Limited

2. Miniratna: Category - I
1. Airports Authority of India
2. Antrix Corporation Limited
3. Balmer Lawrie & Co. Limited
4. Bharat Dynamics Limited
5. BEML Limited
6. Bharat Sanchar Nigam Limited
7. Bridge & Roof Company (India) Limited
8. Central Warehousing Corporation
9. Central Coalfields Limited
10. Chennai Petroleum Corporation Limited
11. Cochin Shipyard Limited
12. Container Corporation of India Limited
13. Dredging Corporation of India Limited
14. Engineers India Limited
15. Ennore Port Limited
16. Garden Reach Shipbuilders & Engineers Limited
17. Goa Shipyard Limited
18. Hindustan Copper Limited
19. HLL Lifecare Limited
20. Hindustan Newsprint Limited
21. Hindustan Paper Corporation Limited
22. Housing & Urban Development Corporation Limited
23. India Tourism Development Corporation Limited
24. Indian Railway Catering & Tourism Corporation Limited
25. IRCON International Limited
26. KIOCL Limited
27. Mazagaon Dock Limited
28. Mahanadi Coalfields Limited
29. Manganese Ore (India) Limited
30. Mangalore Refinery & Petrochemical Limited
31. Mishra Dhatu Nigam Limited
32. MMTC Limited
33. MSTC Limited
34. National Fertilizers Limited
35. National Seeds Corporation Limited
36. NHPC Limited
37. Northern Coalfields Limited
38. Numaligarh Refinery Limited
39. ONGC Videsh Limited
40. Pawan Hans Helicopters Limited
41. Projects & Development India Limited
42. Railtel Corporation of India Limited
43. Rashtriya Chemicals & Fertilizers Limited
44. RITES Limited
45. SJVN Limited
46. Security Printing and Minting Corporation of India Limited
47. South Eastern Coalfields Limited
48. State Trading Corporation of India Limited
49. Telecommunications Consultants India Limited
50. THDC India Limited
51. Western Coalfields Limited
52. WAPCOS Limited

3. Miniratna: Category-II
53. Bharat Pumps & Compressors Limited
54. Broadcast Engineering Consultants (I) Limited
55. Central Mine Planning & Design Institute Limited
56. Ed.CIL (India) Limited
57. Engineering Projects (India) Limited
58. FCI Aravali Gypsum & Minerals India Limited
59. Ferro Scrap Nigam Limited
60. HMT (International) Limited
61. HSCC (India) Limited
62. India Trade Promotion Organisation
63. Indian Medicines & Pharmaceuticals Corporation Limited
64. M E C O N Limited
65. National Film Development Corporation Limited
66. National Small Industries Corporation Limited
67. P E C Limited
68. Rajasthan Electronics & Instruments Limited
To read all about the RGESS, click on FAQ: Rajiv Gandhi Equity Savings Scheme
To read about the benefits of tax-saving funds under Section 80C, click on All about Section 80C
To buy and sell mutual funds online, click here
Content Team,
Fundsupermart.com | iFAST Financial India Pvt Ltd.
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