Which of the following is a Maharatna Company?
VerifiedAnswer: Coal India Limited
Explanation:
Coal India Limited is indeed a Maharatna Company, which represents the highest category of public sector enterprises in India. The Maharatna status is a prestigious designation given by the Government of India to select Central Public Sector Enterprises (CPSEs) that demonstrate exceptional performance and strategic importance to the nation's economy.
To qualify for Maharatna status, a company must first be a Navratna company and then meet specific criteria including having an average annual turnover of more than Rs. 25,000 crores for three years, an average annual net worth of more than Rs. 15,000 crores for three years, and an average annual net profit after tax of more than Rs. 5,000 crores for three years. Additionally, the company should have significant global operations or international presence.
Coal India Limited was granted Maharatna status in 2013 and stands as one of the world's largest coal mining companies. The company plays a crucial role in India's energy sector, contributing significantly to the country's coal production and supporting thermal power generation across the nation. As a Maharatna company, Coal India Limited enjoys enhanced autonomy in making strategic decisions, including investments up to Rs. 1,000 crores or 15% of their net worth, whichever is higher, without seeking government approval.
