The proposal to grant conditional Maharatna status to BHEL and GAIL will be taken to the Cabinet soon even as they do not meet the criteria at present, a top official said today.
The one-time exception is being considered to enable the two blue-chip PSUs to exploit investment opportunities up to Rs 5,000 crore without government approval, Secretary in the Department of Public Enterprises Bhaskar Chatterjee said.
While equipment firm BHEL and gas utility, GAIL, do not meet the financial parameters for the Maharatna status, they are expected to fulfill the criteria by the end of this fiscal.
more at:
http://economictimes.indiatimes.com/news/economy/infrastructure/bhel-gail-may-get-conditional-maharatna-status/articleshow/8889529.cms
Friday, June 17, 2011
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