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What do you mean by category 1 and category 2 in miniratna psu?
Wiki User
∙ 10y ago
The Basic difference between a Category I & Category II Mini Ratna Company is that a category II mini ratna company can make a capital expenditure of Rs 250 crore or 50% of the net worth, whichever is less, without seeking the permission of the government. On the contrary, the board of category I mini ratna company can make a capital expenditure of Rs 500 crore or 100% of its net worth, whichever is less, on its own."
Similarly, the board of a category I mini ratna company can take an independent decision to invest Rs 500 crore in joint ventures and subsidiaries. For category II mini ratnas, the investment limit has been capped at Rs 250 crore.
Wiki User
∙ 10y ago
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