Which of the following is not a Maharatna company as of 2024?
Show answer & explanation
Correct answer: A
Explanation
Answer: Hindustan Copper Limited
Explanation: The Hindustan Copper Limited is not classified as a Maharatna company as of 2024. Maharatna status is given to select large Central Public Sector Enterprises based on financial performance and global presence. Companies like National Thermal Power Corporation, Oil and Natural Gas Corporation, and Steel Authority of India Limited have Maharatna status, while Hindustan Copper Limited has only Navratna status.
Additional Key Facts
Maharatna status was introduced in 2010.
It allows greater financial and operational autonomy to CPSEs.
Criteria include high net worth, profit, and global presence.
Other categories include Maharatna, Navratna, and Miniratna.
Hindustan Copper Limited is under the Ministry of Mines.
Potential Exam-Oriented Questions & Answers
Question: Which company is a Maharatna CPSE in the power sector?
Answer: NTPC
Question: What is the main benefit of Maharatna status?
Answer: Greater financial and operational autonomy for expansion and investment decisions