Which of the following companies was conferred with Maharatna status in October 2019?

Options

A. Bharat Petroleum Corporation Limited
B. GAIL (India) Limited
C. Hindustan Petroleum Corporation Limited
D. Steel Authority of India Limited

Answer

C

Explanation

Explanation: Hindustan Petroleum Corporation Limited was conferred with Maharatna status in October 2019.
The Central Public Sector Enterprises fulfilling the following criteria are eligible for Maharatna status:
(i) The CPSE should already be a Navratna company.
(ii) The CPSE should have average annual turnover of more than Rs. 25,000 crore during the last 3 years.
(iii) The CPSE’s average annual net profit after tax should be more than Rs. 5,000 crore during the last 3 years.
(iv) The CPSE should be listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
(v) The CPSE should have an average annual net worth of more than Rs. 15,000 crore during the last 3 years.
(vi) The CPSE should have a significant presence globally.