Question
A ‘Maharatna’ status is given to any firm who has
average annual turnover during the last 3 years more than Rs _______?Solution
The Government has laid down three criteria’s for grant of Maharatna, Navratna and Miniratna status to the entities. Maharatna status is given to those who records more than Rs 5,000 crore of net profit for three consecutive years. Power Finance Corporation (PFC) has received the title of Maharatna in year 2020 and it has become the 11th PSU to get this.
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