The Government of India (GoI) has granted the ‘Maharatna’ status to the Indian PSU Hindustan Aeronautics Ltd (HAL). 

• HAL, which operates under the Department of Defence Production (DoDP), recorded an annual turnover of Rs 28,162 crore and a net profit of Rs 7,595 crore for the financial year 2023-24. 
• With this upgrade, HAL becomes the 14th Maharatna CPSE, a status that will further enhance its operational autonomy and financial powers.
• Oil India was the most recent company to receive "Maharatna" status from the government, which was granted in August of last year.
• India now has 14 "Maharatna" public sector undertakings (PSUs), including prominent names such as BHEL, BPCL, Coal India, GAIL, HPCL, Indian Oil, NTPC, ONGC, Power Grid, SAIL, Oil India, REC, PFC, and the recently upgraded Hindustan Aeronautics Limited (HAL)