What is Maharatna category?

The Maharatna Status The following conditions must be satisfied in order to get Maharatna status: The Average annual turnover of the PSU during the last 3 years is more than Rs. 25,000 crore. The Average annual net worth during the last 3 years is more than Rs. 15,000 crore.

What is criteria for Maharatna?

An average annual net worth of more than Rs. 10,000 crore during the last three years. An average annual net profit of more than Rs. 2,500 crore during the last 3 years.

What is Maharatna status?

HPCL | Power Grid. The government on Wednesday accorded ‘Maharatna’ status to state-owned Hindustan Petroleum and Power Grid Corporation, thus giving them greater operational and financial autonomy.

How does a PSU gets Maharatna status?

According to the criteria, Maharatna status may be granted to listed Navaratna central public sector companies with an average annual turnover of more than Rs 25,000 crore, net profit after tax of Rs 5,000 crore and a net worth of Rs 15,000 crore during the past three years. …

How many Maharatna are there?

10 Maharatnas
As of 23 October 2019, there are 10 Maharatnas, 14 Navratnas and 74 Miniratnas. There are nearly 348CPSEs (central public sector enterprises) in total.

Which of the following is a criteria for Maharatna status?

An average annual turn over or more than Rs 25000 crore during the last 3 years. An average annual net profit after tax of more than Rs 5000 crore during the last 3 years.

When did BHEL get Maharatna status?

December, 2009
The government had announced the Maharatna status in December, 2009 to give more operational freedom to the top performing PSUs. Meanwhile, state-run BHEL said it has paid its highest equity dividend of Rs 1,567 crore to its shareholders including the government for 2011-12, the statement said.

Is given status of navratnas?

The companies that have applied for the navratna status include Power Finance Corporation (PFC), Rural Electrification Corporation (REC), Power Grid Corporation (PGCIL), National Hydroelectric Power Corporation (NHPC), Bharat Sanchar Nigam (BSNL), Shipping Corporation of India (SCI), National Aluminium Company (NALCO) …

Is NTPC a navratna company?

The exercise of Maharatna powers would be subject to the same conditions and guidelines as laid down by the Government in respect of Navratna CPSEs from time to time. NTPC , the largest power generating company of the country, presently has an installed capacity of over 31000 MW.

What are the major criteria for awarding Maharatna status?

However, major criteria of awarding status are: · A score of 60 (out of 100), based on six parameters which include net profit, net worth, total manpower cost, total cost of production, cost of services, PBDIT (Profit Before Depreciation, Interest and Taxes), capital employed, etc.

What is the meaning of Navratna, Miniratna and Maharatna companies?

What is the meaning Navratna,Miniratna and Maharatna Companies? There are many Central Public Sector Enterprises (CPSE) which are functioning under Government of India and Navratna, Miniratna and Maharatna are the three terms which government uses to categorize all those CPSEs.

What is the net worth of a Maharatna?

Navratna: up to Rs. 1,000 crore or 15% of their net worth on a single project or 30% of their net worth in the whole year (not exceeding Rs. 1,000 crores). Miniratna-I: up to Rs. 500 crore or equal to their net worth, whichever is lower. Originally, the term Navaratna meant a talisman composed of nine precious gems.

How many Maharatnas are there in the world?

There are currently 7 Maharatnas, 17 Navratnas and 54 Miniratnas-I and 18 Miniratna-II. There are multiple factors and criteria for granting ‘ratna’ status. However, major criteria of awarding status are. A company must first be a Miniratna and have 4 independent directors on its board before it can be made a Navratna.