For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Government considering Maharatna status for BHEL & GAIL

By Religare
|
Government considering Maharatna status for BHEL & GAIL
The government of India has said that an inter-ministerial committee is looking into a proposal to give Maharatna status to BHEL and GAIL.
 

It is also considering Navratna status for Engineers India Ltd (EIL), Mazagaon Dock Ltd., Rashtriya Chemicals and Fertilizers (RCF).

In a written reply to Lok Sabha, Praful Patel, Minister of Heavy Industries and Public Enterprises said, "The Inter-Ministerial Committee (IMC) has already considered the proposals for grant of Navratna status to EIL and RCF and grant of Maharatna status to BHEL and GAIL."

The proposal to grant Navratna and Maharatna status to the Central Public Sector Enterprise (CPSE) is initially considered by the Inter-Ministerial Committee headed by the DPE Secretary and thereafter by the apex committee headed by cabinet secretary.

To be eligible for the grant of the Maharatna status, the company should have an average turnover of over Rs 25,000 crore, average annual net worth of more than Rs 15,000 crore and average annual net profit of over Rs 5,000 crore during the last three years.

Read more about: gail india bhel
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more