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GRSE Conferred Navratna CPSE Status
📅 Published 25 Jun 2026 · june 2026
GRSE Conferred Navratna CPSE Status
Event: Upgraded from Miniratna Category-I to Navratna CPSE by the Department of Public Enterprises, MoF.
Approval: Approved by Union Minister Nirmala Sitharaman.
Significance:
Recognized as India’s 29th Navratna company.
Financial Growth: Revenue increased nearly 300% from Rs. 1,754 crore (FY22) to Rs. 7,002 crore (FY26).
Autonomy: Can invest up to Rs. 1,000 crore or 15% of net worth per project without prior approval, enabling faster decision-making.
Industry: Defence shipbuilding.
📝 Relevant Exams:
UPSC