Exploring the Journey of Steel Authority of India (Sail) as a Maharatna Company

The Indian economy is one of the fastest expanding economies one arth and its growth and development are majorly dependent on the public and private sectors. The Government is continuously working on identifying key areas with the sole aim to upgrade, improve and strengthen the position of CPSEs. Owing to this fact, Government of India has come up with the model of Ratna Category. ‘Maharatna' status allows state-run firms greater financial autonomy— they can decide on investments of up to 15% of their net worth in a project without government approval.