How many Maharatna Companies are in India?

1. Bharat Heavy Electricals Limited
2. Bharat Petroleum Corporation Limited
3. Coal India Limited
4. GAIL India Limited
5. Hindustan Petroleum Corporation Limited
6. Indian Oil Corporation Limited
7. NTPC Limited
8. Oil & Natural Gas Corporation Limited,
9. Power Finance Corporation
10. Power Grid Corporation of India Limited
11. Steel Authority of India Limited

• India has 11 Maharatna Companies, 13 Navaratna Companies, and 74 Miniratna Companies in Category 1 and Category 2.
• The first Maharatna Company in India was Bharat Heavy Electricals Limited in 1964.
• The Central Public Sector Enterprises are given the status of Maharatna, Miniratna, and Navaratna by the government of India. They are under the Ministry of Heavy Industries and Public Enterprises.

Maharatna Companies

• Maharatna Companies are those PSUs with an annual turnover of more than 25,000 crores in the past 3 years.
• Along with the Navaratna Status, the company should be listed on the Indian Stock Exchange with a prescribed public shareholding.
• An average annual net worth of more than 15,000 and an annual net profit after tax of more than 5000 during the last three years are also mandatory for the Maharatna status.

Further Reading:

• Public Sector in India
• List of Maharatna Companies in India (2022)

Find more related IAS Questions in the linked article. 

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