Eligibility criteria for grant of Maharatna status

The eligibility criteria for grant of Maharatna status on a Public Enterprise is as below:

a) Having Navratna status.

b) Listed on Indian stock exchange, with minimum prescribed public shareholding under SEBI regulations.

c) An average annual turnover during the last 3 years of more than Rs.25,000 crore.

d) An average annual net worth during the last 3 years of more than Rs.15,000 crore.

e) An average annual net profit after tax during the last 3 years of more than Rs.5000 crore.

f) Significant global presence or international operations.

At present there are 5 maharatna companies - CIL , IOCL , NTPC , ONGC , SAIL.GAIL, BHEL

On March 17,2011 the Department of Public Enterprise (DPE)  had relaxed the norms for according the Maharatna status to PSUs. However, easing of norms was denotified within a month as it did not got cabinet approval.

2 comments:

  1. new norms:

    http://articles.economictimes.indiatimes.com/2011-03-18/news/29141848_1_maharatna-status-public-sector-companies-average-annual-turnover

    ReplyDelete
  2. @anonymous ..new norms did npt got approval of cabinet and i have explicitly written it.....so i have mentioned correct norms in the article

    ReplyDelete

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