Question

Which of the following public sector enterprises falls under the status ‘Maharatna’?
1. Steel Authority of India Limited
2. Hindustan Aeronautics Limited
3. Bharat Sanchar Nigam Limited
4. Mahanagar Telephone Nigam Limited

Answer 1

Correct Answer - Option 1 : Steel Authority of India Limited

The correct answer is Steel Authority of India Limited.

• There are 10 Maharatna CPSEs (Central Public Sector Enterprises) currently, namely:
  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. Power Grid Corporation of India Limited
  9. Oil & Natural Gas Corporation Limited
  10. Steel Authority of India Limited
• There are 14 Navratna Companies in India:
  1. Bharat Electronics Limited
  2. Container Corporation of India Limited
  3. Engineers India Limited
  4. Hindustan Aeronautics Limited
  5. Mahanagar Telephone Nigam Limited
  6. National Aluminium Company Limited
  7. NBCC (India) Limited
  8. NMDC Limited
  9. NLC India Limited
  10. Oil India Limited
  11. Power Finance Corporation Limited
  12. Rashtriya Ispat Nigam Limited
  13. Rural Electrification Corporation Limited
  14. Shipping Corporation of India Limited

• Maharatna Company Criteria:
  • Having a Navratna status.
  • Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
  • Average annual turnover of more than Rs. 25,000 crore, during the last 3 years.
  • The average annual net worth of more than Rs. 15,000 crore, during the last 3 years.
  • Average annual net profit after tax of more than Rs. 5,000 crore, during the last 3 years.
  • Should have a significant global presence/international operations.