IRCTC and IRFC get 'Navratna' status. Here's what it means
3 weeks, 1 day ago

IRCTC and IRFC get 'Navratna' status. Here's what it means

India Today  

The government on Monday awarded 'Navratna' status to two railway public sector companies, Indian Railway Catering and Tourism Corporation and Indian Railway Finance Corporation. The new status gives these companies greater financial independence, allowing them to invest up to Rs 1,000 crore without needing approval from the government. Navratna companies can: Invest up to Rs 1,000 crore or 15% of their net worth on a single project without government approval. Some of the well-known companies that already have Navratna status include Mahanagar Telephone Nigam Limited, a telecom service provider and Rail Vikas Nigam Limited, a railway infrastructure company.

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History of this topic

IRFC, IRCTC shares gain after upgradation to Navratna CPSE - Check details
3 weeks ago

IRFC, IRCTC shares gain after upgradation to Navratna CPSE - Check details

India TV News  

IRFC, IRCTC shares gain after upgradation to Navratna CPSE - Check details With this, all seven listed railway PSUs have achieved the same status now. Last seen, the counter held firmly in green at Rs 113.85 with a gain of 2.43 per cent from the previous close. On the other hand, the shares of IRCTC started the session with a …

IRCTC, IRFC get ‘navratna’ status. What does it mean for the two railway PSUs?
3 weeks, 1 day ago

IRCTC, IRFC get ‘navratna’ status. What does it mean for the two railway PSUs?

Live Mint  

Public sector undertakings Indian Railway Catering and Tourism Corporation and Indian Railway Finance Corporation bagged the ‘Navratna’ status from the Government of India on Monday, March 3. Ashwini Vaishnaw congratulates both firms Union Minister Ashwini Vaishnaw posted on his social media platform X account on Monday, congratulating the teams of the IRCTC and IRFC for contributing to the inclusion in …

These two railway PSUs get Navratna status, Ashwini Vaishnaw complements - Details
3 weeks, 1 day ago

These two railway PSUs get Navratna status, Ashwini Vaishnaw complements - Details

India TV News  

These two railway PSUs get Navratna status, Ashwini Vaishnaw complements - Details Railway Minister Ashwini Vaishnaw has congratulated the teams of both the PSU on this development. Indian Railway Catering and Tourism Corporation is a Ministry of Railways CPSE with an annual turnover of Rs 4,270.18 crore, PAT of Rs 1,111.26 crore and a net worth of Rs 3,229.97 crore …

IRCON International and RITES soar up to 7.2% after receiving ’Navratna’ status
1 year, 5 months ago

IRCON International and RITES soar up to 7.2% after receiving ’Navratna’ status

Live Mint  

Shares of IRCON International, a PSU firm, jumped 7.2% to ₹143.75 apiece in early Friday trade after the company in an exchange filing on Thursday said it was awarded 'Navratna' status by the Department of Public Enterprises. This makes IRCON the 15th Navratna company among the Central Public Sector Enterprises, as per the company's exchange filing. Furthermore, the Department of …

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