Bharat Petroleum Corporation Limited (BPCL), one of the big oil companies in the Public Sector, may be granted Maharatna Status in this year. It will be the eighth PSU to get the status. It will give more autonomy to the PSU. Congratulations to BPCL and its workforce!
It is to be remembered that BSNL was assured of Maharatna at the time of its formation itself by then Communications Minister Ram Vilas Paswan. It was to be granted the status by 2006, when it was having Rs. 40,000 crore revenue and Rs. 10,000 crore profit. But the government, by cancelling the 45 million tender for mobile lines ensured that BSNL goes down. The cancellation resulted in loss gradually and BSNL was deprived of the Maharatna status.