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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