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.