Government Grants 'Navratna' Status to SJVN, NHPC, RailTel, and Solar Energy Corporation of India

Daily Current Affairs / Government Grants 'Navratna' Status to SJVN, NHPC, RailTel, and Solar Energy Corporation of India

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Category : Business and economics Published on: September 03 2024

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NHPC Ltd, Solar Energy Corporation of India Ltd (SECI), RailTel Corporation of India (RCIL), and SJVN have been granted Navratna status by the Department of Public Enterprises, Ministry of Finance on August 30.
Railtel Corporation of India (RCIL) becomes the 22nd Navratna with a turnover of ₹2,622 crore and a net profit of ₹246 crore for FY24; Solar Energy Corporation of India (SECI) is the 23rd Navratna with a turnover of ₹13,035 crore and a net profit of ₹436 crore for FY24.
National Hydroelectric Power Corporation (NHPC) is designated the 24th Navratna, reporting a turnover of ₹8,405 crore and a net profit of ₹3,744 crore for FY24; Satluj Jal Vidyut Nigam Ltd (SJVN) follows as the 25th Navratna with a turnover of ₹2,833 crore and a net profit of ₹908 crore for FY24.