MAHARATNAS

                                                   MAHARATNAS

In 2009, the government established the Maharatna status, which raises a company’s investment ceiling from 1000 crore to 5000 crore.

The Maharatna firms can now decide on investments of upto 15% of their net worth in a project.  In terms of turnover, ONGC is the largest PSU in India.

The six criteria for eligibility as Maharatna are as follows:

   i. Having Navaratna status.

  ii. Listed on Indian stock exchange with       

        Minimum prescribed public shareholding

         Under SEBI regulations.

iii. An average  annual turnover of more than 

       20000 crore during the last 3 years.  Earlier

        It was 25000 crore.

 iv. An average annual net worth of more than

        10000 crore during the last 3 years.     

        Earlier it was 15000 crore.

   v. An average annual net profit after tax of 

        More than   2500 crore during the last 3

         Years.  Earlier it was 5000 crore.

  vi. Should have significant global presence/

         International operations.

List of Maharatnas

1.   Coal of India Limited (CIL)

2. Indian Oil Corporation Limited (IOCL)

3. National Thermal Power Corporation Limited (NTPC)

4. Oil and Natural Gas Corporation Limited (ONGC)

5. Steel Authority of India Limited (SAIL)

6. Bharat Heavy Electrical Limited (BHEL)

7.  Gas Authority of India Limited (GAIL)

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