FAQs On Maharatna Companies
Which was the first Maharatna company in India?
The first Maharatna company in India was Oil and Natural Gas Corporation Limited (ONGC). ONGC was conferred with the Maharatna status by the Government of India on December 24, 2010.
Which is the 11th Maharatna company in India?
Power Finance Corporation Limited is the 11th Maharatna Company in India.
How many Maharatna companies in India?
The Indian government has classified Central Public Sector Enterprises into three distinct categories, namely Maharatna, Navratna, and Miniratna. As of 2023, there are 13 Maharatna companies in India, representing the pinnacle of excellence and strategic importance.
Which is 12th Maharatna company in India?
The Rural Electrification Corporation (REC) has been given the designation of a “Maharatna” Central Public Sector Enterprise (CPSE) by an order from the Department of Public Enterprises, which is part of the Ministry of Finance, dated September 22, 2022.
What is the difference between Maharatna and Navratna?
Navratna company can invest up to 1000 crore without the government approval. Maharatna status is given to the company who has recorded more than Rs 5000 crore.
Maharatna Companies in India
Maharatna companies in India are a distinct category among Public Sector Undertakings. The term “Maharatna”, which means “a great jewel” in Hindi, highlights the importance of these companies in the national economy and their impact globally. To have the Maharatna status, companies must meet specific criteria set by the Indian government, including already holding Navratna status, being listed on India’s stock exchange with a minimum prescribed public shareholding, and maintaining strong financial performance.
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