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With reference to the NTPC Limited, consider the following statements:
1. It is a company incorporated under the Companies Act 1956 and is under the ownership of Ministry of Power.
2. In May 2010, NTPC was conferred Navratna status by the Union Government of India.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to the NTPC Limited, consider the following statements:...
NTPC has been recognised as a 'Great Place to Work' for the 15th year in a row by the Great Place to Work Institute. NTPC is the only PSU to consistently feature in India's Top 50 Best Workplaces. This year NTPC ranked 38th, up from 47th position last year.
  • NTPC Limited was formerly known as National Thermal Power Corporation Limited is India’s largest energy conglomerate.
  • It is a company incorporated under the Companies Act 1956 and is under the ownership of Ministry of Power.
  • The headquarters of the company is situated at New Delhi.
  • It was founded by Government of India in 1975.
  • In May 2010, NTPC was conferred Maharatna status by the Union Government of India.
Criteria for grant of Maharatna status to CPSEs
The CPSEs meeting the following criteria are eligible to be considered for grant of Maharatna status.
  • Having Navratna status
  • Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations
  • An average annual turnover of more than Rs. 25,000 crore during the last 3 years
  • An average annual net worth of more than Rs. 15,000 crore during the last 3 years
  • An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years
  • Should have significant global presence/international operations.
Maharatna CPSEs
  • Bharat Heavy Electricals Limited
  • Bharat Petroleum Corporation Limited
  • Coal India Limited
  • GAIL (India) Limited
  • Hindustan Petroleum Corporation Limited
  • Indian Oil Corporation Limited
  • NTPC Limited
  • Oil & Natural Gas Corporation Limited
  • Power Grid Corporation of India Limited
  • Steel Authority of India Limited
Hence only statement 1 is correct.
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With reference to the NTPC Limited, consider the following statements:1. It is a company incorporated under the Companies Act 1956 and is under the ownership of Ministry of Power.2. In May 2010, NTPC was conferred Navratna status by the Union Government of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the NTPC Limited, consider the following statements:1. It is a company incorporated under the Companies Act 1956 and is under the ownership of Ministry of Power.2. In May 2010, NTPC was conferred Navratna status by the Union Government of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the NTPC Limited, consider the following statements:1. It is a company incorporated under the Companies Act 1956 and is under the ownership of Ministry of Power.2. In May 2010, NTPC was conferred Navratna status by the Union Government of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the NTPC Limited, consider the following statements:1. It is a company incorporated under the Companies Act 1956 and is under the ownership of Ministry of Power.2. In May 2010, NTPC was conferred Navratna status by the Union Government of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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