Maharatna status:
India granted Maharatna status to two public sector undertakings - BHEL and GAIL, a status that provides them greater financial and functional autonomy

A Maharatna firm can take investment decision of up to Rs. 5,000 crore without going to the government. This limit is Rs. 1,000 crore for Navratna firms.

A company qualifying for the Maharatna status should have a net worth of over Rs. 15,000 crore in the last three years, an average annual turnover of more than Rs. 25,000 crore in the last three years, and net profit of more than Rs. 5,000 crore during the last three years.

Currently, there are 7 Maharatna companies -

1. Bharat Heavy Electricals Limited (BHEL)

2. Coal India Limited (CIL)

3. GAIL (India) Limited (GAIL)

4. Indian Oil Corporation Limited (IOC)

5. NTPC Limited (NTPC)

6. Oil & Natural Gas Corporation Limited (ONGC)

7. Steel Authority of India Limited (SAIL)

Currently, there are 14 Navratna companies - 

1. Bharat Electronics Limited 

2. Bharat Petroleum Corporation Limited 

3. Hindustan Aeronautics Limited 

4. Hindustan Petroleum Corporation Limited 

5. Mahanagar Telephone Nigam Limited 

6. National Aluminium Company Limited 

7. NMDC Limited 

8. Neyveli Lignite Corporation Limited 

9. Oil India Limited 

10. Power Finance Corporation Limited 

11. Power Grid Corporation of India Limited 

12. Rashtriya Ispat Nigam Limited 

13. Rural Electrification Corporation Limited 

14. Shipping Corporation of India Limited