Maharatna and Navratna category

  Source: ET  Context: The Government of India has elevated Oil India Limited to the ‘Maharatna’ category, granting the company enhanced decision-making powers in financial matters. Oil India has become the 13th Maharatna Central Public Sector Enterprise (CPSE) in India. Having achieved Navaratna status in 2010, Oil India’s recent acquisition of Numaligarh Refinery Ltd. further …