MECON Gets Miniratna Category-I

MECON Limited received Miniratna Category-I status. It is a Schedule-A CPSE under the Ministry of Steel.

Miniratna-I criteria from the source

• Profit for 3 consecutive years
• Pre-tax profit of at least ₹30 crore in one of those three years
• Positive net worth

Significance

Greater autonomy for:

• Investment decisions
• Technology upgrades
• Modernisation

Prelims

Miniratna status → greater operational/financial autonomy for qualifying CPSEs.