The correct answer is (a) Oil India.
The Maharatna scheme was announced by the Government of India in the financial year 2010-11. The scheme was designed to give more autonomy and power to expand to some of its “Navratnas”. The Navratnas are a group of 19 public sector enterprises (PSEs) that were identified by the government as having the potential to become global leaders in their respective fields.
The Maharatnas were selected from among the Navratnas on the basis of their size, profitability, and track record of performance. The Maharatnas were given greater autonomy in decision-making, including the ability to raise capital and enter into joint ventures. They were also given greater freedom to set their own prices and wages.
The Maharatnas have been successful in expanding their operations and improving their performance. They have also been able to attract foreign investment and technology. The Maharatna scheme has been a success in promoting the growth and development of the Indian economy.
Oil India is a public sector undertaking under the Ministry of Petroleum and Natural Gas. It is the largest producer of crude oil in India. The company was founded in 1959 and is headquartered in Dehradun, Uttarakhand.
Oil India is not a Maharatna. It was not given Maharatna status because it did not meet the criteria set by the government. The criteria for selection as a Maharatna include a minimum net worth of Rs. 5,000 crore, a minimum turnover of Rs. 20,000 crore, and a minimum profit of Rs. 1,000 crore. Oil India did not meet these criteria in the financial year 2010-11.
Despite not being a Maharatna, Oil India is a successful company. It has been profitable for many years and has a strong track record of performance. The company is well-positioned to continue to grow and contribute to the Indian economy.