Maharatna company

Being a Maharatna PSU in India is a prestigious status granted to select state-owned companies by the Indian government. To be considered a Maharatna, a PSU must meet certain criteria related to its performance, financials, and global competitiveness. Maharatna PSUs are given greater autonomy and freedom in decision-making, as well as enhanced financial and operational powers. They have the ability to make investments, enter into joint ventures, and make strategic decisions without seeking government approval. This status provides these PSUs with a competitive advantage and helps them to compete effectively in the global market. Here’s a look at how and when India’s only 12 Maharatna PSUs achieved this status. Bharat Heavy Electricals Ltd (BHEL) BHEL is an engineering and manufacturing company specialising in power generation equipment and industrial systems. It was established in 1956 and has since become one of the largest power generation equipment manufacturers in the world. BHEL was conferred with the Maharatna status in 2013. Gautam Adani jumps back into top 20 on billionaire list; adds $4.38 bn to personal wealth in one day GAIL (India) GAIL is a natural gas processing and distribution company, which was established in 1984. It plays a key role in the development of India’s natural gas infrastructure and is also involved in petrochemicals and liquid hydrocarbons. In 2013, GAIL was granted Maharatna status. Indian Oil Corporation Ltd (IOCL) IOCL is a state-owned oil ...

5/5 - (44 votes) “What is the list of maharatna, navratna & miniratna companies in india? What are the maharatna, navratna & miniratna CPSEs? What are the maharatna, navratna & miniratna PSUs? You all must have this kind of questions in your mind. Below article will solve this puzzle of yours. Just take a look.” Maharatna, Navratna & Miniratna Companies in India– Here we have provided a complete list of Maharatna, Navratna & Miniratna companies. A good GATE (Graduate Aptitude Test in Engineering) score is your ticket to get PSU jobs in many Maharatna, Navratna & Miniratna companies. Here we will talk about PSUs, Some public sector undertaking (PSUs) are recruiting through GATE score while others recruit without GATE score for the post of engineer trainee or graduate engineers. • Public Sector undertakings (PSUs) or CPSEs are mainly divided in Maharatna, Navratna, Miniratna Category I & II on the basis of their financial performance, net worth, revenue, profit etc. Guidelines for the criteria are issued by Department of Public Enterprises which is a nodal department for all CPSEs. PSUs salary have Basic pay + DA + Perks + HRA/Quarter accommodation + Medical facilities + CPF(Company pay equal amount to your contribution to PF fund) + Gratuity + Yearly PRP(Bonus) depending on performance of company, unit and your gradings. • Contents • 1 Maharatna, Navratna and Miniratna Companies • 2 Difference between Maharatna , Miniratna and Navratna CPSEs • 3 Maharatna CPSEs • 4 Navratna...

Table of Contents • • • • • • • What is a Maharatna company? A Maharatna company is a PSE that has been granted the highest level of autonomy by the government. This means that they have the freedom to make their own investment decisions, enter into joint ventures, and set up subsidiaries. Maharatna companies are also allowed to invest up to 15% of their net worth in a single project. Future of Maharatna companies The future of Maharatna companies looks bright. The government has a plan to privatize some of the PSEs, but Maharatna companies are likely to be spared. This is because they are considered to be too important to the Indian economy. Instead, the government is likely to focus on further empowering Maharatna companies so that they can play an even greater role in the country’s economic development. Role of Maharatna companies in the Indian economy Maharatna companies play a vital role in the Indian economy. They are responsible for providing essential goods and services, such as power, oil, and steel. They also play a major role in job creation and economic growth. In 2022, Maharatna companies contributed 12% of India’s GDP and employed over 2 million people. They also invested over Rs. 1 trillion in new projects. Maharatna companies are expected to play an even greater role in the Indian economy in the future. The government is committed to further empowering these companies so that they can contribute even more to the country’s economic development. Criteria for ...

The dream of every engineering student is to get through the GATE Examination and secure a job in a government PSU and Maharatna Company’s PSU is like the shining jewel among the CPSEs. This article targets to highlight the advantages which Maharatna PSU presents to an engineering graduate. In the year 2009, the government of India decided to establish Maharatna status for the CPSEs. There are certain conditions to being 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. PSUs with Maharatna status can invest 15% of their net worth in a project without prior permission from the Government of India. Here are some crucial aspects related to the Maharatna companies that you must understand before diving into the details associated with the Maharatna companies: What is the difference between Maharatna and Navratna companies? Maharatna companies have already gained recognition as Table of Contents • What is the benefit of Maharatna company? • How many Maharatna companies are in India? • When did BHEL become Maharatna? • Is GAIL Maharatna or Navratna? • Job in a Maharatna Company • 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) • Gas Authority of India Limited (GAIL)...

“We are delighted and proud to share that the Government of India has accorded the status of ‘Maharatna’ to REC, the highest recognition for a CPSE. This will impart enhanced powers to the REC Board while taking financial decisions,“ the company said in a tweet. The other 11 Maharatna CPSEs at present are Power Finance Corporation, Bharat Heavy Electricals Ltd, Bharat Petroleum Corp. Ltd, Coal India Ltd, GAIL (India) Ltd, Hindustan Petroleum Corp. Ltd, Indian Oil Corp. Ltd, NTPC Ltd, Oil & Natural Gas Corp. Ltd, Power Grid Corp. of India Ltd, and Steel Authority of India Ltd. India has 13 Navratna and 74 Miniratna CPSEs. For a company to be categorized as a Maharatna status, a company should be listed on an Indian stock exchange and have an average annual turnover of over ₹25,000 crore during the previous three years. It should also have an average annual net worth during the previous three years of more than ₹15,000 crore and an average net profit of over ₹5,000 crore during the same period. REC can now invest up to ₹5,000 crore, or 15% of its net worth, in a single project after its Maharatna status. The development comes at a time when Centre is also considering granting the status of a development finance institution (DFI) to REC Ltd to enable the state-run company to steer global climate funding and net zero investment in the country. A statement from the company on 17 September, said that in the recent AGM of the company held on 16 September, the investors were appri...

he board of a ‘Maharatna’ CPSE can make equity investments to undertake financial joint ventures and wholly-owned subsidiaries and undertake mergers and acquisitions in India and abroad, subject to a ceiling of 15 per cent of the net worth of the CPSE concerned, limited to ₹5,000 crore in one project. The board of a ‘Maharatna’ CPSE can make equity investments to undertake financial joint ventures and wholly-owned subsidiaries and undertake mergers and acquisitions in India and abroad, subject to a ceiling of 15 per cent of the net worth of the CPSE concerned, limited to ₹5,000 crore in one project. The board can also structure and implement schemes relating to personnel and human resource management and training. With this, REC can also enter into technology joint ventures or other strategic alliances, among others. Chairman and managing director Vivek Kumar Dewangan said REC achieved this feat due to its adaptability, resilience and consistent performance even during the global Covid-19 pandemic. “In FY22, REC made its highest ever net profit of ₹10,046 crore and reached a net worth of ₹50,986 crore, owing to its cost-effective resource management and strong financial policies," he said. “REC has played a key role in the success of the flagship schemes of the Government of India such as DDUGJY and SAUBHAGYA and has contributed towards achieving village and household electrification in the country. REC is currently playing the role of nodal agency for Revamped Distributio...

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MENU MENU • • • • • • • • • • • • • • • • • • • • • Current Affairs • • • • • • Quizzes(Prelims) • • • • • • • Mains • • • • • • • • • Analyticas: Optional Subjects • • • • • • • • • • • • • • • • • • • • • Current Affairs • • • • • • • • • • • • • Quizzes • • • • • • • • Mains • • • Interview • • • Questions Papers & Syllabus • • • • • • • • • • • • • • General Studies – 1 • • • • • • • • • General Studies – 2 • • • • • General Studies – 3 • • • • • • • General Studies – 4 • • • Topics Covered: • Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Eligibility Criteria for Grant of Maharatna, Navratna and Miniratna Status What to study? For Prelims and mains: Eligibility Criteria for Grant of Maharatna, Navratna and Miniratna Status, implications and significance. Context: Government of India has accorded ‘ Maharatna’ status to public sector undertaking’s (PSU’s) Hindustan Petroleum Corporation Limited (HPCL) and Power Grid Corporation. Impact: • This will impart greater operational and financial autonomy thus enhancing powers to their Boards to take financial decisions. • Boards of these PSUs can make equity investments to undertake financial joint ventures (JV) and wholly owned subsidiaries and undertake mergers and acquisitions (M&A) in India as well as abroad. This is however subjected to a ceiling of 15% of net worth of concerned CPSE, limited to Rs 5,000 crore in one project. • The Boards...