Maharatna companies

In 2009, the government
established the Maharatna status,
which raises a company's
investment ceiling from Rs. 1,000
crore to Rs. 5,000 crore. The
Maharatna firms would now be
free to decide on investments up
to 15 per cent of their net worth
in a project.
Earlier, the Navaratna companies
could invest up to Rs 1,000 crore
without government approvals.
Criteria
In order to qualify as a
Maharatna, the process is
bottoms up. This means the
lowest employee should be
proud of his/her company and
contribute to the same according
to the global standards. The 6
point criteria for eligibility as
Maharatna are:
1.Having Navratna status.
2.Listed on Indian stock
exchange with minimum
prescribed public shareholding
under SEBI regulations.
3.An average annual turnover of
more than Rs. 25,000 crore
during the last 3 years.
4.An average annual net worth of
more than Rs. 15,000 crore
during the last 3 years.
5.An average annual net profit
after tax of more than Rs. 5000
crore during the last 3 years.
6.Should have significant global
presence/international
operations.
List of Maharatnas:
1.Coal India Limited
2.Indian Oil Corporation Limited
3.NTPC Limited
4.Oil and Natural Gas Corporation
5.Steel Authority of India Limited