The Centre on Tuesday formally conferred the coveted Maharatna status on Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IOC) and NTPC.
Minister for Heavy Industry and Public Enterprises Vilasrao Deshmukh gave away certificate conferring the Maharatna status to the heads of ONGC, IOC and NTPC at a function here.
The Maharatna status to select PSEs ensures more empowerment in decision making and encourages becoming globally competitive.
Navratna for RINL
Visakhapatnam Special Correspondent writes:
Rashtriya Ispat Nigam Ltd., the corporate entity of Visakhapatnam Steel Plant, joined the exclusive club of Navratna companies.
Mr. Deshmukh presented the certificate of recognition as a Navratna company to RINL Chairman-cum-Managing Director P.K. Bishnoi, a company press release says.