Benefits of Maharatna status:
- Enhanced autonomy and decision-making powers, such as the ability to approve capital expenditure projects up to a certain limit without seeking government approval.
- Greater flexibility in forming joint ventures and strategic partnerships with domestic and foreign entities.
- Access to additional sources of funding, including the ability to raise funds from the capital market through public offerings or private placements.
- Increased recognition and prestige, which can facilitate business growth and attract top talent.
Companies to receive the 'Maharatna' status:
- Indian Oil Corporation (IOC)
- NTPC Limited (NTPC)
- Steel Authority of India (SAIL)
- Oil and Natural Gas Corporation Limited (ONGC)
- Bharat Petroleum Corporation Limited (BPCL)
- Hindustan Petroleum Corporation Limited (HPCL)
- Gas Authority of India Limited (GAIL)