The central government has added Hindustan Aeronautics Limited (HAL) to the list of Maharatna companies, bringing the total number of Maharatna companies to 14.
HAL was previously a Navratna company, and with its promotion, the number of Navratna companies has now decreased to 24.
What does it Mean to be a Maharatna?
With HAL becoming a Maharatna, it now has more financial and operational independence. The declaration permits HAL to invest up to ₹5,000 crore in international enterprises and 15% of its net worth in projects without obtaining permission from the government. The stock price increased by 1.42% to trade at ₹4,510 in response to the encouraging development.
Which Companies Become Maharatna?
There are certain criteria that have to be met for a company to acquire the status of a Maharatna.
To qualify for Maharatna status, Central Public Sector Enterprises (CPSEs) must first have Navratna status and meet strict financial benchmarks, including:
| Average Annual Turnover | Over ₹25,000 crore |
| Average Annual Net Worth | More than ₹15,000 crore |
| Average Annual Net Profit (Past 3 Years) | Above ₹5,000 crore |
Latest List of Mahartna Companies 2024
With Hindustan Aeronautics Limited (HAL) now added to the list of Maharatna companies, the total number of Maharatna companies has increased to 14. Below is the updated list of Maharatna companies as of 2024, along with their year of establishment.
| S.No. | PSU | Established Year |
| 1 | Bharat Heavy Electricals Limited (BHEL) | 1964 |
| 2 | Bharat Petroleum Corporation Limited (BPCL) | 1952 |
| 3 | GAIL India Limited (GAIL) | 1984 |
| 4 | Coal India Limited (CIL) | 1975 |
| 5 | Hindustan Petroleum Corporation Limited (HPCL) | 1974 |
| 6 | Steel Authority of India Limited (SAIL) | 1954 |
| 7 | National Thermal Power Corporation (NTPC) | 1975 |
| 8 | Rural Electrification Corporation Limited (REC) | 1969 |
| 9 | Power Finance Corporation (PFC) | 1986 |
| 10 | Power Grid Corporation of India Limited (POWERGRID) | 1989 |
| 11 | Indian Oil Corporation Limited (IOCL) | 1959 |
| 12 | Oil & Natural Gas Corporation Limited (ONGC) | 1956 |
| 13 | Oil India Limited (OIL) | 1959 |
| 14 | Hindustan Aeronautics Limited (HAL) | 1940 |
Earlier, the central government updated the list of Navratna companies by adding four public sector units (PSUs). The newly added PSUs were SJVN, Solar Energy Corporation, NHPC, and RailTel Corporation of India.
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