Nirmala Sitharaman Grants Navratna Status to Four CPSEs
| Aspect | Details |
|---|---|
| Navratna Status | Granted to four CPSEs: NHPC, SECI, Railtel Corporation, and SJVN by Finance Minister Nirmala Sitharaman. Total Navratna CPSEs in India now stand at 25. |
| Financial Details | - Railtel Corporation: Turnover ₹2,622 crore, Net Profit ₹246 crore (FY24). - SECI: Turnover ₹13,035 crore, Net Profit ₹436 crore (FY24). - NHPC: Turnover ₹8,405 crore, Net Profit ₹3,744 crore (FY24). - SJVN: Turnover ₹2,833 crore, Net Profit ₹908 crore (FY24). |
| Impact & Autonomy | Navratna status grants enhanced financial and operational autonomy, enabling decisions on capital expenditures, joint ventures, technology partnerships, and organizational restructuring. |
| SECI's Role | Manages cumulative generation capacity of 69.25 GW and annual power trading volume exceeding 42 billion units. Navratna status expected to boost its growth. |
| Navratna Criteria | Awarded based on excellent performance ratings, composite score of 60+ in selected indicators, and status as Miniratna I and Schedule 'A' CPSEs. Introduced in 1997. |