NationCal Mineral Development Corporation (NMDC) is a Navratna Company. The Navratna Companies are Public Sector Enterprises (PSEs) that can invest up to ₹. 1000 crore or 15% of their net worth on a single project without seeking approval from the government. List of Navratna Companies: BEL, CCIL, EIL, HAL, MTNL, NALCO, NBCC, NMDC, NLCIL, OIL, PFC, RINL, REC and SCI.