BHEL is now ‘maharatna’ enterprise

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SummaryPower gear maker BHEL said it has been granted the ‘maharatna’ status by the government

Power gear maker Bharat Heavy Electricals Ltd (BHEL) said it has been granted the ‘maharatna’ status by the government.

This would enable the board of the state-owned firm to take investment decisions of up to Rs 5,000 crore without going to the government.

The company, in a statement, said the status will help BHEL “realise its long-term objectives and reach a turnover of Rs 1 lakh crore by 2016-17”.

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