Maharatna tag for IndianOil in 90 days
New Delhi   19-Feb-2010
NIES such as IndianOil, NTPC, ONGC and Sail are likely to get "maharatna" status within 60-90 days, public enterprises department secretary, Mr. Bhaskar Chatterjee said in Kolkata. "To attain maharatna status, a Public Sector Enterprise has to apply to us for scrutiny. I am hopeful of receiving applications from these PSEs within 60-90 days. We already know they qualify for maharatna, but one has to go through the processes," Mr. Chatterjee said at an interaction with members of the Bengal National Chamber of Commerce. Attaining "maharatna" tag would give the public enterprises to more financial autonomy.