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12th Maharatna company
September 27 , 2022
793 days
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- REC (Rural Electrification Corporation) Ltd. has been accorded the status of a ‘Maharatna’ Central Public Sector Enterprise.
- This Providing it with greater operational and financial autonomy.
- The granting of ‘Maharatna’ status will impart enhanced powers to the company’s board while taking financial decisions.
- REC Ltd. is the 12th company to be given the Maharatna Status.
- Requirements:
- CPSE which recorded more than Rs. 5,000 crores of net profit for three consecutive years.
- An average annual turnover of Rs.25,000 crore for three years and
- Recording an average net worth of Rs.15,000 crore for three years.
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