When was BHEL given the status of Maharatna?

December, 2009
The government had announced the Maharatna status in December, 2009 to give more operational freedom to the top performing PSUs. Meanwhile, state-run BHEL said it has paid its highest equity dividend of Rs 1,567 crore to its shareholders including the government for 2011-12, the statement said.

Is Maharatna a BHEL company?

Consistent high performance, while operating in a highly competitive environment and fulfillment of the required eligibility criteria has enabled Bharat Heavy Electricals Limited (BHEL) to attain the MAHARATNA status. The Govt. of India has granted the MAHARATNA status to BHEL.

Is GAIL Maharatna or Navratna?

At present, BHEL and GAIL are Navratna PSUs. Once a company gets the Maharatna tag, its board would not be required to take the government’s permission for investments up to Rs 5,000 crore in a joint venture project or wholly-owned subsidiary. For the Navratna companies, the limit is Rs 1,000 crore.

Which company got Maharatna status in 2013?

BHEL
Jagran Josh. The Union Government of India gave the Maharatna status to two PSUs- BHEL and GAIL on 1 February 2013. Granting Maharatna status to BHEL and GAIL will provide them with better functional and financial freedom and will also guarantee them with better valuation of the shares.

Why was BHEL and Gail granted Maharatna status?

“The competent authority has approved the grant of Maharatna status for BHEL and GAIL which will give these public sector units greater financial autonomy,” secretary in the department of public enterprises (DPE) O P Rawat told PTI. A Maharatna firm can take investment decision of up to Rs 5,000 crore without going to the government.

What makes a company qualify for Maharatna status?

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, according to the department of public enterprises guidelines. Among others, the PSU must have a net worth of over Rs 15,000 crore and net profit of more than Rs 5,000 crore during the last three years.

Which is the only Maharatna company in India?

Now, there are seven Maharatna companies, ONGC, Indian Oil, GAIL, BHEL, NTPC and CIL and 14 Navratna companies, including Rashtriya Ispat Nigam Limited and NMDC.

Is BHEL a good share to invest?

While the government is trying to revive the sector by breaking the State Electricity Boards into independent firms and allowing power tariff hikes, BHEL is a good contrarian value buy at the current market price of Rs 115 with a 1-2 years perspective.

Will BHEL be disinvested?

The central government is mulling selling stakes in state-owned Bharat Heavy Electricals Ltd (BHEL) as part of disinvestment plan proposed in the Union Budget 2021. The disinvestment process is part of the government’s plan to raise Rs 1.75 lakh crore through stake sales in state-run firms in financial year 2021-22.

Which company has Maharatna status recently?

Govt accords ‘Maharatna’ status to Hindustan Petroleum, Power Grid Corp. The government on Wednesday accorded ‘Maharatna’ status to state-owned Hindustan Petroleum and Power Grid Corporation, thus giving them greater operational and financial autonomy.

Is BHEL a Navratna?

Currently, BHEL is a Navratna company which allows it to make investments only up to Rs 1,000 crore without the Cabinet nod. Now, the company meets Maharatna’s eligibility criteria in terms of average net profit, turnover and net worth for the past three financial years.

Is BHEL a Maharatna company?

Is BHEL a debt free company?

As with many other companies Bharat Heavy Electricals Limited (NSE:BHEL) makes use of debt.

Will govt sell BHEL?

SBI Capital Markets Ltd, the adviser to the proposed stake sale in Bhel, recently submitted its report to the department of investment and public asset management (Dipam) on the plan. …

What is the future of BHEL?

BHEL said they will diversify beyond power and thermal sectors. “We will grow from a power Sector Company to a global engineering organization. The company can look to diversify into sectors like Railways, Defence, Aerospace and Oil & Gas.

How many Cpsus has got the status of Maharatna at present?

10 Maharatna companies
List of Maharatna and Navratna: As of January 2020, India has 10 Maharatna companies, 14 Navratna companies in India, and 73 Miniratna companies divided into Category 1 and Category 2.

Is NTPC a Navratna?

The exercise of Maharatna powers would be subject to the same conditions and guidelines as laid down by the Government in respect of Navratna CPSEs from time to time. NTPC , the largest power generating company of the country, presently has an installed capacity of over 31000 MW.

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