Oil India Limited, a Central Public Sector Enterprise (CPSE), is a ___________ company.

Correct option is B

​The correct answer is (B) Navratna.

• Oil India Limited (OIL) is a Central Public Sector Enterprise (CPSE) that operates in the oil and gas sector.
• It was granted the status of a Navratna company in 2010 by the Government of India,.

Explanation of Other Options:

• Maharatna: Maharatna status is awarded to the top-performing CPSEs with substantial financial strength and global presence, such as ONGC and Indian Oil Corporation.
• Miniratna Category-I: This category includes CPSEs with a track record of consistent profit-making.
• Miniratna Category-II: This category includes smaller CPSEs with limited financial autonomy.

Additional Information:

Oil India Limited (OIL):

• Established in 1959, it is India's second-largest national oil and gas company.
• Oil India Limited (OIL) was upgraded to Maharatna status in August 2023.

The Government of India classifies Central Public Sector Enterprises (CPSEs) into three categories—Maharatna, Navratna, and Miniratna—based on specific eligibility criteria.