To become a Maharatna Company following standards must fulfilled:

Having Navratna status

Listed on the Indian stock exchange, with a minimum prescribed
public shareholding under SEBI regulations
An average annual turnover of more than Rs. 20,000 crore during
the last three years
An average annual net worth of more than Rs.10,000 crore during
the last three years
An average annual net profit of more than Rs. 2,500 crore during
the last 3 years
Significant global presence or international operations
List of Maharatna Companies
Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited (BHEL) owned by
Government of India, is a power plant equipment
manufacturer and operates as an engineering and
manufacturing company based in New Delhi, India. BHEL
was established in 1964. Public Sector Undertakings (PSUs)
of India clubbed under the esteemed Maharatna status,
which it received in February 2013.
Coal India Limited
Coal India Limited (CIL) is an Indian state-controlled coal
mining company headquartered in Kolkata, West Bengal,
India. It is the largest coal producer company in the world
and contributes around 81% of the coal production in India.
In April 2011, CIL was conferred the Maharatna status by
the Union Government of India.
GAIL (India) Limited
GAIL (India) Limited is the largest state-owned natural gas
processing and distribution company in India, It is
headquartered in New Delhi. It has following business
segments: Natural Gas, Liquid Hydrocarbon, Liquefied
petroleum gas Transmission, Petrochemical, City Gas
Distribution, Exploration and Production, GAILTEL and
Electricity Generation. GAIL has been conferred with the
Maharatna status on 1 Feb 2013, by the Government of
India.
Indian Oil Corporation Limited
Indian Oil Corporation Limited, or IndianOil, is an Indian
state-owned oil and gas corporation with its headquarters in
New Delhi, India. Indian Oil began operations in 1959 as
Indian Oil Company Ltd. The Indian Oil Corporation was
formed in 1964. The IndianOil Group of companies owns
and operates 10 of Indias 22 refineries with a combined
refining capacity of 65.7 million metric tonnes per year. It is
another Maharatna status companies of India.
NTPC Limited
NTPC Limited (formerly known as National Thermal Power
Corporation Limited) is a Central Public Sector
Undertaking (CPSU) under the Ministry of Power,
Government of India, engaged in the business of generation
of electricity and allied activities. The headquarters of the
company is situated at New Delhi. In May 2010, NTPC was
conferred Maharatna status by the Union Government of
India. It is listed in Forbes Global 2000 for 2014 at 424th
rank in the world.
Oil & Natural Gas Corporation Limited
Oil and Natural Gas Corporation Limited (ONGC) is an
Indian multinational oil and gas company headquartered in
Dehradun, India. ONGC was founded on 14 August 1956 by
Government of India. It is a Public Sector Undertaking
(PSU) of the Government of India, under the administrative
control of the Ministry of Petroleum and Natural Gas. It is
Indias largest oil and gas exploration and production
company. It produces around 69% of Indias crude oil and
around 62% of its natural gas.
Steel Authority of India Limited
SAIL traces its origin to the Hindustan Steel Limited (HSL)
which was set up on 19 January 1954. Steel Authority of
India Limited (SAIL) is one of the largest state-owned steel-
making company based in New Delhi, India and one of the
top steel makers in World. It is a public sector undertaking
which trades publicly in the market is largely owned by
Government of India and acts like an operating company.
SAIL is the 24th largest steel producer in the world.