BHEL and SAIL face possible loss of Maharatna status, raising questions for India's PSU sector

The government is reviewing the Maharatna classification for public sector units. BHEL and SAIL have been identified as candidates for status removal. Maharatna status currently grants companies greater financial autonomy. Losing the designation could limit their ability to raise large capital. Officials cite performance and strategic relevance as criteria. Industry analysts warn the change may affect future investments. The companies have yet to comment publicly on the review. Stakeholders will watch the final decision for its impact on the sector.