HAL becomes 14th Maharatna company in India

Hindustan Aeronautics Limited (HAL) has been upgraded to Maharatna status, becoming the 14th Maharatna company in India.

Upgrade Date: October 1, 2024.

Criteria: HAL met the criteria for Maharatna status, including having an annual turnover of over ₹20,000 crore over the last three years.

Benefits: Maharatna status provides HAL with greater operational autonomy and financial powers, allowing it to make significant investments without government approval.

Hindustan Aeronautics Limited

List of Maharatna companies in India First 13 Maharatna companies are as below: 

1. National Thermal Power Corporation (NTPC) Ltd; 

2. Oil and Natural Gas Corporation (ONGC) Ltd;

3. Steel Authority of India Limited (SAIL); 

4. Bharat Heavy Electricals Limited (BHEL); 

5. Indian Oil Corporation Limited (IOCL); 

6. Hindustan Petroleum Corporation Limited (HPCL);

7. Coal India Limited (CIL); 

8. GAIL India Limited; 

9. Bharat Petroleum Corporation Limited (BPCL); 

10. Power Grid Corporation of India Limited; 

11. Power Finance Corporation (PFC);

12. Rural Electrification Corporation (REC) Limited; and

13. Oil India Ltd (OIL).