Top 13 Biggest Maharatna Companies in India

The Indian economy is growing steadily, and many companies are playing a big part in this growth. Some of these important companies are called Maharatna companies. The Government of India has given them this special title because they are highly respected and influential in the business and financial sectors of India. They contribute a lot to the country’s progress. In this blog, you’ll get to know the top 13 leading Maharatna companies in India and see how they are helping in the development of the country.

Largest Maharatna companies in India

1. Bharat Heavy Electricals Limited

Bharat Heavy Electricals Limited (BHEL) started in 1956 and is now one of India’s top companies for making big electrical equipment. It can make lots of different things like electronics, transformers and machines for many industries like power, transportation, and oil. But most of the money BHEL makes comes from selling stuff for making power, like turbines and boilers. BHEL is thinking ahead about sustainability in a society that cares about the environment.

2. Bharat Petroleum Corporation Limited

Bharat Petroleum, India’s top Maharatna company since 1952, transformed from an Oil and Gas Company to a Fortune 500 conglomerate focusing on oil refining, exploration, and marketing. BPCL won this prize because of their innovative technology and energy infrastructure achievements.

3. Coal India Limited

Coal India Limited (CIL) started in November 1975 as a government-owned coal mining company. Back then, it produced 79 million tonnes (MT) of coal. Now, it’s the biggest coal producer globally and a major job provider. CIL, a Maharatna company designated by the Indian government, is among ten selected enterprises aiming for global prominence. Its status as the top coal producer gives it significant influence at home and abroad.

4. GAIL India Limited

GAIL (India) Limited is India’s top natural gas company. It does many things with natural gas like trading, moving it around in pipes, making LPG, and more. It owns and runs about 15583 km of gas pipes all over India. It’s also building more pipes. It’s big in City Gas Distribution too. GAIL has lots of Liquefied Natural Gas (LNG) too. It’s also getting into solar, wind, and biofuel energy.

5. Hindustan Petroleum Corporation Limited

Hindustan Petroleum Corporation Limited (HPCL) is a big petroleum company in India. It sells oil and gas products. HPCL is also known worldwide. HPCL works on finding and using oil and gas both on land and at sea. This helps India have enough energy for the future. HPCL is active in many countries too. It’s not just about selling oil and gas but also about making sure there’s enough for tomorrow.

6. Indian Oil Corporation Limited

Indian Oil Corporation Limited is an Indian company that deals with oil and gas. It is also known as Indian Oil. The government of India owns it through the Ministry of Petroleum and Natural Gas. Its main office is in New Delhi. Indian Oil is the biggest oil producer owned by the government in India. It has a big role in refining, transporting oil through pipelines, and selling it.

7. NTPC Limited

 

NTPC is India’s biggest power company. It can produce 73,958 MW of power (including JVs). It plans to grow to 130 GW by 2032. NTPC started in 1975. Its goal is to be the world’s top power company. NTPC has policies for helping people and the environment. NTPC wants to make reliable power at good prices. It uses different energy sources and eco-friendly tech. This helps India’s economy and society.

8. Oil & Natural Gas Corporation Limited

ONGC is the biggest oil and gas company in India. It makes 71% of India’s oil. It’s in New Delhi. The government started it on August 14, 1956. It’s the biggest government-owned oil and gas company in India, making 70% of India’s oil and 84% of its gas. In November 2010, the government called it a Maharatna. Platts ranks it 5th among the Top 250 Global Energy Companies.

9. Power Finance Corporation

Power Finance Corporation Ltd. started on July 16th, 1986. It’s a top Non-Banking Financial Corporation in India. The main office is in New Delhi, and there are regional offices in Mumbai and Chennai. The Ministry of Power controls it. In Oct. 2021, it became a ‘Maharatna CPSE’. PFC helps India grow globally by aiding in energy development. As many still lack electricity, PFC’s role will grow more vital.

10. Power Grid Corporation of India Limited

The Power Grid Corporation of India Limited (POWERGRID) is a big company owned by the Indian government. It started on 23 October 1989. It’s the biggest electric power transmission company in India. Since 2007, it’s been listed as a company on the stock market. It’s gotten awards for being excellent from the Ministry of Power every year since 1993-94.

11. Steel Authority of india Limited

Steel Authority of India Limited (SAIL) is a big steel company in India. It makes iron and steel in five main plants and three special ones. These plants are mostly in the east and center of India, near where the materials come from. SAIL sells many types of steel products. The Government of India owns most of SAIL, about 65%, and controls how it votes. But because SAIL is a ‘Maharatna’, it can make its own decisions about money and operations.

12. Rural Electrification Corporation Limited

REC is a big company in India. It’s managed by the Ministry of Power, part of the Indian government. It’s also approved by the Reserve Bank of India. REC started in 1969 to help with droughts and famines by improving irrigation pumps for farming. REC also helps with non-power projects like roads, rail, and hospitals. It loans money to governments and businesses to build stuff in India.

13. Oil India Ltd

Oil India Limited (OIL) finds and gets oil out of the ground. It started in 1889 when oil was first found in India. OIL is owned by the government of India and is controlled by the Ministry of Petroleum and Natural Gas. It’s the second biggest oil and gas company in India. It started with finding oil in Digboi, Assam in 1889. Now, OIL does everything from finding oil to selling it. It’s the second biggest oil company in India.

Conclusion

In conclusion, these top 13 leading Maharatna companies in India consistently grow and thrive over time, excelling in sectors like steel manufacturing and energy production. They significantly contribute to the economy, create job opportunities, and attract investments. It’s expected that these companies will continue to prosper in the coming years. The Maharatna status was introduced to elevate Indian public sector undertakings globally, a goal that’s clearly achieved today. Hopefully, this blog clears all your doubts about the List of Maharatna Companies in India.