Power equipment-maker BHEL is soon expected to get the Maharatna status as the apex committee, headed by Cabinet Secretary Ajit Kumar Seth, has approved the proposal for awarding the status to the company. At present, the company is Navratna public sector undertaking (PSU).
A Maharatna firm can take investment decision of up to Rs 5,000 crore without going to the government. For Navratna firms, this limit is Rs 1,000 crore. A company qualifying for the Maharatna status should have an average annual turnover of more than Rs 25,000 crore in the last three years.
BHEL qualify for the coveted status as it meet the eligibility criteria in terms of net worth, turnover and net profit.
