A Comparative Study on Financial Performance of Selected Maharatna and Navratna Companies

Abstract

Public Sector Enterprise Plays Vital Role in the growth and development of the newlinecountry. It Generates grate source of employment and provide Basic necessary to the newlinecommunicaties. In India Seen 1947 public sector enterprise is considered an angel newlineaccelerate Indian economy and to generate employment opportunities in the nation. newlineMaharatna and Navratna and Miniratna are considered are cold three categories newlineenterprise. In the present Scenario, the philosophy of current ruling Party says that newlinepublic sector enterprise has not succeeded to meet its basic objective. Therefore, it is newlineassumed that if the factor which are obstructing the profitability position of Maharatna newlineand Navratna Companies could be managed properly units would come out with a newlinebetter working Result. newlineThis Research study is based on Secondary data. Researcher selected Maharatna newlineCompanies i.e., Indian Oil Corporation Limited, Oil and Natural Gas Corporation Ltd., newlineNTPC Limited, Coal India Limited and Navratna Companies i.e., Hindustan newlinePetroleum Corporation Limited, Oil India Limited, Power Grid Corporation of India newlineLimited, NMDC Limited. The study includes financial Performance appraisal study newlinehas been undertaken for a Period of Ten years from 2010 to 2019. newline