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The Maharatna status is bestowed upon companies that have consistently earned over Rs 5000 crore in net profit for three consecutive years, maintaining an average annual net worth of Rs 15000 crore for three years or an average yearly turnover of Rs 25000 crore. Maharatna: NTPC Limited (NTPC), Oil and Natural Gas Corporation Limited (ONGC), Steel Authority of India Limited (SAIL), Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), Coal India Limited (CIL), GAIL India Limited (GAIL), Bharat Petroleum Corporation Limited (BPCL), Power Grid Corporation of India Limited (POWERGRID), Power Finance Corporation, Rural Electrification Corporation Limited & Oil India Ltd There are 14 Navratna Companies in India till 2022. The companies are SCI, HAL, RINL, EIL, NMDC, BHEL, NBCC, OIL, MTNL, CONCOR, NALCO, REC, NLCIL, and PFC. The government of India provides all these companies with greater financial autonomy
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