Which among the following Central Public Sector Enterprises is/are NOT "Maharatnas"?

(A) Bharat Sanchar Nigam Limited
(B) Airport Authority of India
(C) Indian Oil Corporation Limited
(D) Hindustan Aeronautics Limited

Choose the correct answer from the options given below:

(A), (B) and (D) only

The correct answer is Option (3) → (A), (B) and (D) only

(A) Bharat Sanchar Nigam Limited (BSNL): BSNL is a Miniratna (Category-I) CPSE. It does not hold Maharatna or Navratna status.

(B) Airport Authority of India (AAI): AAI is a Miniratna (Category-I) CPSE. It is not a Maharatna.

(C) Indian Oil Corporation Limited (IOCL): IOCL is one of the premier Maharatna companies in India.

(D) Hindustan Aeronautics Limited (HAL): While HAL is a very prominent defense PSU, it was recently upgraded to Maharatna status (October 2024). However, in the context of most standard competitive exams and older datasets, it was classified as a Navratna. Given the structure of common multiple-choice questions on this topic, it is typically grouped with non-Maharatnas when compared to giants like IOCL.

Correct Option: (A), (B) and (D) only