#12 th Maharatna Company Flashcards
Full form of REC
Rural electrification corporation
Full form of CPSE
Central public sector enterprise
What is REC
Non banking financial company
1969
REC comes under which ministry
Ministry of power
Minister of power
Rajkumar Singh
What is maharatna status
By union government for mega Central public sector enterprises to become global giants
Maharatna status was introduced in
2010
What is governments share in CPSEs
51% or more
Criteria of maharatna
- Company which has recorded more than 5000 crore of net
profit for three consecutive years - An average annual turnover of rupees 25000 crores for 3
years
OR
And average annual net worth of 15000 crore for 3 years - Having navratna status
- Listed under security and exchange board of India (SEBI)
Number of navratna companies in India
14
Classification of CPSE companies
Maharatn
navratn
miniratna category 1
miniratna category 2
Number of maharatna companies
12
Latest maharatna company
(REC) rural electrification corporation
12th
(PFC) power finance corporation..
11th
Number of mini Ratna companies
74
Chairman of REC
Vivek Kumar devaangan