Maharatna- Miniratna - Navaratna
✅Benefits Of Navratna Companies
✔️Navratna companies enjoy greater financial and operational freedom when compared to the companies with Miniratna status. ✔️These companies can invest up to Rs.1000 crore or 15% of their net worth on a single project without seeking any sort of approval or permission from the Government of India. ✔️They can even make investments up to 30% of their net worth in one whole year provided that it should not exceed Rs.1000 crores. ✔️They have the freedom to enter joint ventures, form alliances and float subsidiaries abroad.
Maharatna Companies
- NTPC ( National Thermal Power Corporation Limited)➖New Delhi
- BHEL ( Bharat Heavy Electricals Limited)➖New Delhi
- GAIL ( Gas authority of India limited)➖New Delhi
- ONGC ( Oil & Natural Gas Corporation Limited )➖New delhi
- BPCL ( Bharat Petroleum Corporation Limited)➖Mumbai
- SAIL( Steel Authority of India Limited)➖New Delhi
- CIL ( Coal India Limited)➖Kolkata
- IOC ( Indian Oil Corporation)➖New Delhi
- HPCL ( Hindustan Petroleum Corporation Ltd )➖Mumbai
- PGCIL ( Power Grid Petroleum Corporation of india Ltd )➖Gurgaon
October 2024
Ministry of Finance has granted Hindustan Aeronautics Ltd the status of a ‘Maharatna'. With this upgrade, it makes HAL the 14th company in the country to join the elite group. The proposal has already received approval from the inter ministerial committee.
HAL being granted ‘Maharatna’ status is a positive development and speaks well of the company and its stellar performance.
To qualify for Maharatna status, a company must meet stringent financial criteria: an average turnover exceeding Rs 25,000 crore, an average annual net worth of more than Rs 15,000 crore, and an average annual net profit of over Rs 5,000 crore, over the past three years.
Maharatna status grants PSUs greater autonomy, allowing them to incur capital expenditure on new purchases or replacements without any monetary limit.
