Power Finance Corporation has been designated as a 'Maharatna' by the government

Power Finance Corporation has been designated as a 'Maharatna' by the government

Daily Current Affairs   /   Power Finance Corporation has been designated as a 'Maharatna' by the government

Change Language English Hindi

Category : National Published on: October 15 2021

Share on facebook
  • The government granted state-owned Power Finance Corp Ltd 'Maharatna' status, granting the company greater operational and financial autonomy.
  • PFC is the largest infrastructure finance company dedicated solely to the power sector, and it is administered by the power ministry.
  • The grant of Maharatna status to Power Finance Corporation will give the board of directors of PFC greater authority when making financial decisions.
  • There are 11 companies in India that have received 'Maharatna' status. Power Finance Corporation (PFC) is the 11th company to be added to the list.

Important Facts 

About Maharatna Company 

  • A company is granted "Maharatna" status if it has a net profit of more than 5,000 crore for three consecutive years, an average annual turnover of 25,000 crore for three years, or an average annual net worth of 15,000 crore for three years.

List of Maharatna Company in India 

  • 1. Bharat Heavy Electricals Limited
  • 2. Bharat Petroleum Corporation Limited
  • 3. Coal India Limited
  • 4. GAIL (India) Limited
  • 5. Hindustan Petroleum Corporation Limited
  • 6. Indian Oil Corporation Limited
  • 7. NTPC Limited
  • 8. Oil & Natural Gas Corporation Limited
  • 9. Power Grid Corporation of India Limited
  • 10. Steel Authority of India Limited
  • 11. Power Finance Corporation
Recent Post's
  • R. Praggnanandhaa wins UzChess Cup Masters 2025 and becomes top-ranked Indian chess player.

    Read More....
  • Meesho gets shareholder approval to raise ₹4,250 crore via IPO after shifting domicile to India.

    Read More....
  • IPS officer Parag Jain appointed new RAW chief; played key role in Operation Sindoor.

    Read More....
  • ICC updates powerplay rules for shortened T20 matches effective from July 2025.

    Read More....
  • Power Ministry forms task force to develop 'India Energy Stack' for digital power infrastructure.

    Read More....
  • MNRE issues revised guidelines for Biomass Programme to promote clean energy adoption.

    Read More....
  • CBSE to hold Class 10 board exams twice a year from 2026 session; first phase mandatory, second optional.

    Read More....
  • NATO agrees to increase defence spending target to 5% of GDP by 2035 at The Hague summit.

    Read More....
  • India and South Africa sign agreements on submarine cooperation during defence talks.

    Read More....
  • Odisha wins women’s title in first Hockey India Masters Cup; Tamil Nadu enters men’s final.

    Read More....