How a PSU gets Maharatna status?
According to the criteria, Maharatna status may be granted to listed Navaratna central public sector companies with an average annual turnover of more than Rs 25,000 crore, net profit after tax of Rs 5,000 crore and a net worth of Rs 15,000 crore during the past three years. …
What is Maharatna status?
In the year 2009, the government of India decided to establish Maharatna status for the CPSEs. The Maharatna status gives more autonomy and authority to a company than the other categories such as Navratna or Miniratna. Maharatna CPSEs can invest from INR 1,000 crore to INR 5,000 crore.
How many Maharatna are there in India?
10 Maharatnas
As of 23 October 2019, there are 10 Maharatnas, 14 Navratnas and 74 Miniratnas. There are nearly 348CPSEs (central public sector enterprises) in total.
What is difference between Maharatna and navratna?
Maharatna company can invest upto 5000 crore or 15% of its net worth in a project. Navratna company can invest upto 1000 crore. Miniratna companies can invest upto 500 crore or an amount equal to their net worth.
When was Maharatna started?
19th May, 2010
Maharatna Scheme was introduced for Central Public Sector Enterprises (CPSEs), with effect from 19th May, 2010, in order to empower mega CPSEs to expand their operations and emerge as global giants.
When did BHEL get Maharatna status?
December, 2009
The government had announced the Maharatna status in December, 2009 to give more operational freedom to the top performing PSUs. Meanwhile, state-run BHEL said it has paid its highest equity dividend of Rs 1,567 crore to its shareholders including the government for 2011-12, the statement said.
Is NTPC a navratna?
The exercise of Maharatna powers would be subject to the same conditions and guidelines as laid down by the Government in respect of Navratna CPSEs from time to time. NTPC , the largest power generating company of the country, presently has an installed capacity of over 31000 MW.
Is LIC a Navaratna?
Life Insurance Corporation of India – The super navratna company, the milch cow for the Govt of India !
Who grants Maharatna status?
Procedure for grant of Maharatna status
| (i) | Secretary, Department of Public Enterprises | Chairman |
|---|---|---|
| (ii) | Secretary, Department of Expenditure | Member |
| (iii) | Secretary, Planning Commission | Member |
| (iv) | Secretary of the concerned Administrative Ministry/Department | Member |
How many companies are there in navratna?
fourteen Navratna Companies
How many Navratna Companies are there in India? Ans. There are fourteen Navratna Companies in India.
Which company get Maharatna status recently?
Govt accords ‘Maharatna’ status to Hindustan Petroleum, Power Grid Corp. The government on Wednesday accorded ‘Maharatna’ status to state-owned Hindustan Petroleum and Power Grid Corporation, thus giving them greater operational and financial autonomy.
How can I check my navratna status?
Criteria for grant of Navratna status to CPSEs
- Net Profit to Net worth 25.
- Manpower Cost to total Cost of Production or 15. Cost of Services.
- PBDIT to Capital employed 15.
- PBIT to Turnover 15.
- Earning Per Share 10.
- Inter Sectoral Performance 20.
Is BHEL a navratna company?
Currently, BHEL is a Navratna company which allows it to make investments only up to Rs 1,000 crore without the Cabinet nod. Now, the company meets Maharatna’s eligibility criteria in terms of average net profit, turnover and net worth for the past three financial years.
Is Nmdc a Maharatna?
New Delhi: The government Thursday accorded Navratna status to mineral giant National Mineral Development Corporation (NMDC) Ltd, a move which will enable the public sector company to avail greater financial and managerial autonomy and undertake domestic and overseas business initiatives like mergers and acquisitions.
Is NTPC a Maharatna?
NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. NTPC became a Maharatna company in May 2010.