Recently the Finance Ministry has declared IRCON International Limited as Navratna company.

Recently the Finance Ministry has declared IRCON International Limited as Navratna company.

Daily Current Affairs   /   Recently the Finance Ministry has declared IRCON International Limited as Navratna company.

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Category : Business and economics Published on: October 17 2023

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  • IRCON International Limited is a public sector company.
  • It is working under the Ministry of Railways.
  • Recently IRCON International Limited has been given the status of Navratna company by the Union Finance Ministry.
  • It has become the 16th Navratna company of the country.
  • The main work of IRCON is to work in the field of railway, highway and extra high tension substation engineering sector.
  • IRCON International Limited achieved turnover of Rs 10750 crore and earned profit of Rs 765 crore in the year 2022 - 23.
  • IRCON International Limited was established in the year 1976.
  • The scheme to declare Central Public Enterprises as Navratna companies was started in the year 1997.
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