https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

39 CPSEs Rated ‘Excellent’ in DPE’s FY24 MoU Rankings; See Full PSU Ratings from ‘Excellent’ to ‘Very Good’

39 CPSEs earn 'Excellent' rating in DPE's FY24 MoU report, showcasing robust performance across India’s public sector.
Indian Masterminds Stories

The Department of Public Enterprises (DPE) has released the Memorandum of Understanding (MoU) performance ratings for Central Public Sector Enterprises (CPSEs) for the financial year 2023–24, revealing a strong performance across India’s public sector landscape. Notably, 39 CPSEs were awarded the prestigious ‘Excellent’ rating, a clear indication of their exceptional achievement on various performance parameters.

The MoU ratings assess CPSEs based on a framework of agreed-upon performance targets, including financial efficiency, productivity, project implementation, innovation, and policy compliance. The results signal a resilient and performance-driven public sector, despite a challenging macroeconomic environment.

Top ‘Excellent’-Rated CPSEs for FY 2023–24 Include

  • Airports Authority of India (AAI)
  • Bharat Electronics Limited (BEL)
  • Coal India Limited
  • GAIL (India) Limited
  • NTPC Limited
  • Indian Oil Corporation Limited (IOCL)
  • REC Limited
  • Power Finance Corporation Limited (PFC)
  • Indian Renewable Energy Development Agency Limited (IREDA)
  • Hindustan Aeronautics Limited (HAL)
  • Mazagon Dock Shipbuilders Limited
  • Solar Energy Corporation of India (SECI)
  • Cochin Shipyard Limited
  • Container Corporation of India Limited (CONCOR)
  • Power Grid Corporation of India Limited (PGCIL) among others, representing a diverse range of sectors from energy and manufacturing to infrastructure and logistics.

‘Very Good’ and ‘Good’ Performers Also Notable

In addition to the top-tier ratings, numerous CPSEs secured ‘Very Good’ and ‘Good’ ratings, underlining a broadly positive trend in performance. These include companies like:

  • Bharat Dynamics Limited (BDL)
  • Balmer Lawrie & Co. Ltd.
  • BSNL
  • Engineers India Limited (EIL)
  • NALCO
  • NHPC
  • NMDC
  • SAIL
  • SJVN
  • Oil and Natural Gas Corporation (ONGC)

Read Also: Nalco Q4FY25 Profit Doubles to ₹2,067 Crore; FY25 Profit Surges to ₹5,268 Crore on Strong Aluminium, Alumina Momentum – https://indianmasterminds.com

Areas for Improvement Remain

However, the report also flagged certain areas of concern. Some CPSEs received ‘Fair’ or ‘Poor’ ratings, pointing to operational, financial, or administrative challenges that need to be addressed. For instance:

Andrew Yule and Company Limited, HLL Lifecare Limited, and National Seeds Corporation Limited received ‘Fair’ ratings.

Indian Medicines and Pharmaceuticals Corporation Limited, Karnataka Antibiotics and Pharmaceuticals Limited, and WAPCOS Limited were rated ‘Poor’, highlighting the need for strategic course correction.

Read Also: NTPC Green Energy Q4FY25 Net Profit Triples to ₹233 Crore; Income Jumps to ₹751.50 Crore Amid Successful IPO – https://indianmasterminds.com

A Mixed Yet Promising Landscape

The FY24 DPE MoU ratings serve as a comprehensive snapshot of CPSE performance, reflecting both excellence and areas in need of reform. The dominance of ‘Excellent’ ratings among key CPSEs suggests a strong push toward accountability, efficiency, and strategic alignment with national priorities, including energy transition, infrastructure growth, and digital innovation.

As public sector enterprises continue to play a pivotal role in India’s economic development, these ratings offer critical insights into the strengths and gaps within the ecosystem-paving the way for policy refinement and targeted interventions


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
SECL Star Rating Awards 2025
Two SECL Mines Honoured at Star Rating Awards 2025 for Excellence in Mining Practices
BHEL_resized
BHEL Signs 10-Year Exclusive MoU with Horizon Fuel Cell Technologies to Explore Hydrogen-Powered Trains
Union Minister Sarbananda Sonowal
India’s Cargo Shipments Remain Strong Despite US Tariff; VOC Port Inaugurates Green Hydrogen and Methanol Projects
DGCA_logo
DGCA Proposes Allowing Import of Aircraft Up to 20 Years Old Amid Supply Chain Challenges- Full Details Inside
WAPCOS
WAPCOS CMD Rajni Kant Agrawal Removed for Irregularities, New CMD Announced- Know More
Uttarakhand news
Uttarakhand Teachers Given Shailesh Matiyani State Educational Award, CM Dhami & Governor LG Gurmeet SinghHonour Awardees
Bridges
Bihar Government to Build 704 New Rural Bridges from September 10 Under Mukhyamantri Gramin Setu Yojana
CM Yogi Adityanath
Uttar Pradesh Unveils Action Plan for Viksit State, CM Announces Economic Vision To Become USD 6 Trillion Economy by 2047
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
Decoding Digital Dangers: Insights from IPS Shikha Goel on Cyber Crimes
IPS Mukesh Kumar Bhamoo
Managing Elections, Communal Tensions, and Public Safety – Meet IPS Mukesh Kumar Bhamoo | Video Interview
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
ADVERTISEMENT
UPSC Stories
Ishwarlal Gurjar UPSC
10th Grade Failure to Indian Police Service: Ishwarlal Gurjar’s UPSC Success Path
Read the inspiring journey of Ishwarlal Gurjar from a small village in Rajasthan to becoming an IPS officer....
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
Social Media
IAS Sakshi Sawhney Amritsar DC
Punjab Floods: IAS Sakshi Sawhney’s Emotional Appeal to Elderly Man Wins Hearts, Video of Humanity Goes Viral
Viral Video Captures Emotional Moment as Amritsar DC Shows Sensitivity and Courage Amid Relief Effor...
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
SECL Star Rating Awards 2025
Two SECL Mines Honoured at Star Rating Awards 2025 for Excellence in Mining Practices
BHEL_resized
BHEL Signs 10-Year Exclusive MoU with Horizon Fuel Cell Technologies to Explore Hydrogen-Powered Trains
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
IPS Mukesh Kumar Bhamoo
WhatsApp Image 2025-08-25 at 13.56
ADVERTISEMENT
ADVERTISEMENT