The Government had introduced the Maharatna scheme, in 2009. The main objective of the Maharatna Scheme is to empower mega CPSEs to expand their operations and emerge as global giants. The introduction to Maharatna Scheme, the Department of Public Enterprises has achieved one of the three tasks identified to be completed within first 100 days programme in respect of their Department.
Eligibility criteria and procedure for grant of Maharatna status
The CPSEs meeting the following eligibility criteria are proposed to be considered for Maharatna status:
a) Having Navratna status
b) Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations
c) An average annual turnover of more than Rs.25,000 crore during the last 3 years
d) An average annual net worth of more than Rs.15,000 crore during the last 3 years
e) An average annual net profit after tax of more than Rs.5,000 crore during the last 3 years
f) Should have significant global presence/international operations
The procedure for grant of Maharatna status as well as their review is proposed to be similar to that in vogue for the grant of Navratna status.
The introduction of the above scheme will not entail any additional expenditure on the part of the Government.
List of Maharatna PSU's
Source : Press information Bureau’s website.