Power Ministry recommends Maharatna status to Power Grid


Power Ministry recommends Maharatna status to Power Grid

The power ministry has recommended ‘maharatna’ status for Power Grid Corp of India Ltd (PGCIL), the country’s largest power transmission company, according to an official.

‘Maharatna’ status allows state-run firms greater financial autonomy — they can decide on investments of up to 15% of their net worth in a project without government approval.

In comparison, ‘navratna’ companies such as Power-Grid can invest only up to Rs 1,000 crore without government approval. Read More

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