What are Maharatna PSUs? Know the 13 jewels of the PSU sector

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In India, Central Public Sector Enterprises (CPSEs) are divided into three categories, representing the authority and autonomy they are granted by the central government.

The highest status is Maharatna (great jewel), followed by Navratna and Miniratna.

Maharatna companies are highly valuable and influential CPSEs with a global presence and maximum operational freedom.

Currently, there are 13 Maharatna companies in the country. Let’s take a look at them.

Oil India Limited (OIL)

Maharatna since: 2023 OIL is India’s second-largest oil and gas company engaged in the exploration, production and transportation of oil and natural gas.

Rural Electrification Corporation (REC)

Maharatna since: 2022 REC finances power projects for state governments and the private sector. It funds rural electrification schemes and other power generation projects.

Power Finance Corporation (PFC)

Maharatna since: 2021 PFC provides financial assistance to the Indian power sector and also offers consulting and advisory services to power sector companies.

Hindustan Petroleum (HPCL)

Maharatna since: 2019 HPCL is engaged in refining crude oil and marketing various petroleum products like Asphalt, Diesel, Kerosene and LPG, among others.

Power Grid Corporation

Maharatna since: 2019 Power Grid is engaged in electricity transmission in the country, offering operations and maintenance services for power projects.

Bharat Petroleum (BPCL)

Maharatna since: 2017 BPCL produces oil and natural gas, refining crude oil and other petroleum products. It owns the LPG company Bharat Gas.

Bharat Heavy Electricals (BHEL)

Maharatna since: 2013 BHEL is a major power equipment manufacturer globally. It has an important role in India’s self-reliance initiatives.

Gas Authority of India (GAIL)

Maharatna since: 2013 GAIL is in the business of marketing, transmission and distribution of natural gas. It also engages in renewable energy projects.

Coal India (CIL)

Maharatna since: 2011 CIL is a central coal mining company engaged in the production of coal and coal-based products used in several industries.

Steel Authority of India (SAIL)

Maharatna since: 2010 SAIL is a global steel supplier offering various iron and steel products to many businesses. It is India’s largest steel producer.

National Thermal Power Corporation (NTPC)

Maharatna since: 2010 NTPC generates and sells electricity to state electricity boards in India using gas, coal and other sources.

Indian Oil Corporation (IOCL)

Maharatna since: 2010 IOCL is a petroleum company engaged in refining, marketing and transporting oil and gas. It has one of the largest oil pipeline networks globally.

Oil & Natural Gas Corporation (ONGC)

Maharatna since: 2010 ONGC is the largest crude oil and natural gas company in India supplying petrol, diesel, and LPG, among others, to major companies.

10 most valuable private companies in India

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