Litmus test passed, how the government can 'Air India' the rest
The maharatnas - Bharat Heavy Electricals (Bhel), Coal India (CIL), Gail (India) (formerly Gas Authority of India), Indian Oil Corporation (IOC), NTPC (formerly National Thermal Power Corporation), Oil and Natural Gas Corporation (ONGC) and Steel Authority of India (SAIL) - are collectively doing as well as private companies of similar size. SAIL, Bhel, CIL and IOC need serious restructuring and better leadership to make them world-class companies.