Question

As on October 2019, how many Maharatna Companies are in India?
1. 08
2. 09
3. 10
4. 12

Answer 1

Correct Answer - Option 3 : 10

SAILONGCThe correct answer is 10.

• As of October 2019, 10 Maharatna Companies are in India. 
  • As of 23 October 2019, there are 10 Maharatnas, 14 Navratnas and 74 Miniratnas.
• List of Maharatnas Companies :
  • National Thermal Power Corporation (NTPC)
  • Oil and Natural Gas Corporation (ONGC)
  • Steel Authority of India Limited (SAIL)
  • Bharat Heavy Electricals Limited (BHEL)
  • Indian Oil Corporation Limited (IOCL)
  • Hindustan Petroleum Corporation Limited (HPCL)
  • Coal India Limited (CIL)
  • Gas Authority of India Limited (GAIL)
  • Bharat Petroleum Corporation Limited (BPCL)
  • Power Grid Corporation of India (POWERGRID)
• Hence, option 3 is correct.

• The government grants the status of Navratna, Miniratna, and Maharatna to Central Public Sector Enterprises based upon the profit made by these CPSEs.
• The Maharatna category has been the most recent one since 2009, the other two have been in function since 1997.
• There are certain conditions to be a Maharatna PSU.
• 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.