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 for FY 2023-24, the press note said. It added, “IRFC is a Ministry of Railways CPSE with an annual turnover of ₹26,644 Cr, PAT of ₹6,412 Cr and a net worth of ₹49,178 Cr for FY 2023-24.” Railway Minister Ashwini Vaishnaw has congratulated the teams of both the PSU on this development. “Congratulations to team IRCTC and team IRFC on being upgraded to Navratna status," Ashwini posted on X. IRCTC Share Price Meanwhile, shares of IRCTC ended today's session with a gain of 0.75 per cent.

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History of this topic

Disinvestment: The government must take a clear stance on PSE stake sales
2 weeks, 5 days ago

Disinvestment: The government must take a clear stance on PSE stake sales

Live Mint  

In recent years, the government’s policy on disinvestment has been cloudy. Its move to grant Indian Railway Catering and Tourism Corporation and Indian Railway Finance Corporation ‘Navratna’ status should bring back attention to this aspect of India’s policy. Navratna status is awarded on the basis of such criteria as the company’s earnings per share, inter-sectoral performance and key measures like …

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 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 …

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 …

Railtel to SJVN: Why are these PSU stocks in focus today? — explained
6 months, 3 weeks ago

Railtel to SJVN: Why are these PSU stocks in focus today? — explained

Live Mint  

Navratna companies: On Thursday last week, the Government of India granted Navratna status to four state-owned companies. The four public sector undertaking companies upgraded to the Navratna status are Railtel Corporation of India Limited, Solar Energy Corporation of India Limited, National Hydroelectric Power Corporation Limited, and Satluj Jal Vidyut Nigam. Navratna status to Railtel Corporation of India Railtel Corporation informed …

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