The Maharatna status grants Central Public Sector Enterprises (CPSEs) in India greater financial and operational autonomy, allowing them to make significant investment decisions, capital expenditures, and strategic expansions without government approval.
The Maharatna status is bestowed upon companies that have consistently earned over Rs 5000 crore in net profit for three consecutive years, maintaining an average annual net worth of Rs 15000 crore for three years or an average yearly turnover of Rs 25000 crore.
It must already have a Navratna status, should be listed on the Indian Stock Exchange, and must have operations with a global presence.
Listed below are some of the Central Public Sector Undertakings with Maharatna status that you can add to your watchlist
Bharat Heavy Electricals
Bharat Heavy Electricals Limited (BHEL) is Maharatna CPSE and one of the largest engineering and manufacturing companies in India engaged in the design, engineering, construction, testing, commissioning, and servicing of a wide range of products and services for the core sectors of the economy like power, transmission, renewable energy, industry, and many more.
With a market capitalization of Rs. 1,11,408 Crores, the shares of Bharat Heavy Electricals Limited closed on Tuesday’s trade at Rs. 319.95 per share, down 1.64 percent from its previous day’s close price of Rs. 325.30.
Its Revenue from Operations grew by 2.26 percent from Rs. 23,365 Crores in FY23 to Rs. 23,893 Crores in FY24, accompanied by profits of Rs. 477 Crores to Rs. 282 Crores.
Indian Oil Corporation
Indian Oil Corporation Limited is a Maharatna Central Public Sector Enterprise and the the largest refiner in the country with a market share of 42 percent across petroleum, oil, and lubricants, with over 59,900 touchpoints.
It has business interests across the entire value chain of hydrocarbon from Refining, Pipeline transportation, and marketing of Petroleum products to R&D, Exploration & production, and marketing of natural gas and petrochemicals.
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With a market capitalization of Rs. 2,41,049 Crores, the shares of Indian Oil Corporation Limited closed on Tuesday’s trade at Rs. 170.70 per share, up 0.65 percent from its previous day’s close price of Rs. 169.60.
Its Revenue from Operations declined by 7.77 percent from Rs. 8,41,756 Crores in FY23 to Rs. 7,76,352 Crores in FY24, accompanied by profits of Rs. 11,704 Crores to Rs. 43,161 Crores.
Coal India
Coal India Limited is a Maharatna Central Public Sector Enterprise mainly engaged in the business of mining and production of Coal and it also operates Coal washeries. It accounts for over 80 percent of the domestic coal production.
With a market capitalization of Rs. 3,15,747 Crores, the shares of Coal India Limited closed on Tuesday’s trade at Rs. 512.35 per share, up 2.89 percent from its previous day’s close price of Rs. 497.95.
Its Revenue from Operations grew by 2.95 percent from Rs. 1,38,252 Crores in FY23 to Rs. 1,42,324 Crores in FY24, accompanied by profits of Rs. 28,125 Crores to Rs. 37,369 Crores.
REC
REC Limited is a ‘Maharatna’ company under the administrative control of the Ministry of Power, GOI, it provides long-term loans and other financing products to the State, Centre, and Private Companies for financing projects in the complete power sector value chain from generation to distribution.
With a market capitalization of Rs. 1,62,575 Crores, the shares of REC Limited closed on Tuesday’s trade at Rs. 617.40 per share, down 2.54 percent from its previous day’s close price of Rs. 633.50.
Its Revenue from Operations grew by 20.31 percent from Rs. 39,486 Crores in FY23 to Rs. 47,505 Crores in FY24, accompanied by profits of Rs. 11,167 Crores to Rs. 14,145 Crores.
Oil and Natural Gas Corporation
Oil and Natural Gas Corporation Limited is engaged in the business of exploration, development, and production of crude oil, natural gas, value-added products, and other related work.
With a market capitalization of Rs. 4,05,588 Crores, the shares of Oil and Natural Gas Corporation Limited closed on Tuesday’s trade at Rs. 322.40 per share, down 0.05 percent from its previous day’s close price of Rs. 322.55.
Its Revenue from Operations grew by 1.70 percent from Rs. 6,32,291 Crores in FY23 to Rs. 6,43,037 Crores in FY24, accompanied by profits of Rs. 32,778 Crores to Rs. 57,101 Crores.
Gail India
Gail (India) Limited is a Maharatna Central Public Sector Enterprise, it is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production &, transmission, LNG re-gasification, petrochemicals and many more.
With a market capitalization of Rs. 1,53,429.95 Crores, the shares of Gail India Limited closed on Tuesday’s trade at Rs. 233.35 per share, down 1.58 percent from its previous day’s close price of Rs. 237.10.
Its Revenue from Operations declined by 8.54 percent from Rs. 1,45,668 Crores in FY23 to Rs. 1,33,228 Crores in FY24, accompanied by profits of Rs. 5,596 Crores to Rs. 9,903 Crores.
Written by: Bharath K.S
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