4 PSUs for Maharatna

In a first of sorts, the four PSU contenders for the coveted Maharatna status have been asked to present their case to the government. This is quite a departure from the existing process, where the department of public enterprises decides on giving more autonomy or Navratna status to eligible public sector companies.
According to official sources, three PSUs Indian Oil Corporation (IOC (IOC.NS : 298.45 +2.7)), NTPC and Steel Authority (SAIL.NS : 252.1 -0.45) of India Ltd (SAIL) have already made presentations before an inter-ministerial committee (IMC) on why they deserve the title. Upstream oil major ONGC (ONGC.NS : 1084.45 -14.25) is also expected to make a pitch before the high-level committee on Monday. IOC was not in the original list of aspirants.



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Public Sector units to present the case for Maharatna- BSNL is not in the list.