CIL Managing Director NC Jha receives the Maharatna certificate from President Pratibha Patil in New Delhi
Coal India Ltd (CIL) has become a ‘Maharatna’. It is the fifth public sector company to be so designated. The certificate conferring the ‘Maharatna’ status was handed over to CIL’s Managing Director, NC Jha, by the President, Pratibha Patil, in New Delhi. Now, the company will be able to make investments worth Rs. 5,000 crore in a joint venture project or wholly-owned subsidiary on its own. Earlier, CIL could not make it to the prestigious group because it was not listed on stock exchange.
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