<h1>India Awards Maharatna Status to BHEL and GAIL, Boosting Their Financial and Operational Autonomy for Strategic Expansion.</h1> The Indian government has granted Maharatna status to Bharat Heavy Electricals Limited (BHEL) and Gas Authority of India Ltd. (GAIL), empowering their boards with enhanced decision-making capabilities. This status allows these companies to make significant financial and operational decisions independently, such as capital expenditure, joint ventures, and mergers, subject to certain conditions. The Maharatna status aims to facilitate the global and domestic expansion of these large Central Public Sector Enterprises (CPSEs). The boards must include a requisite number of non-official directors as per SEBI guidelines. The performance of Maharatna CPSEs will be reviewed annually to determine the continuation or divestment of this status.