Maharatna Status to BHEL and GAIL [ 2/5/2013]

Government has approved the grant of Maharatna status to Bharat Heavy Electricals Limited (BHEL) and Gas Authority of India Ltd.(GAIL).   This decision was communicated on 1st February, 2013.

The delegation of powers, exercise of delegated powers, review of their performance and continuation/divestment of Maharatna status of the above listed CPSEs will be governed as per guidelines laid down by the Department of Public Enterprises(DPE), Government of India which provides that the exercise of delegated Maharatna powers is subject to appointment of requisite number of non-official Directors as per SEBI guidelines.

The concerned administrative Ministries of the two CPSEs have been asked to take immediate steps to appoint requisite number of non-official Directors on the Boards of BHEL and GAIL so that the  boards could exercise delegated Maharatna powers.