Current Affairs

NPCC conferred Miniratna Category–I status

Union Government has conferred the status of Miniratna: Category-I to National Projects Construction Corporation Limited (NPCC).
NPCC conferred Miniratna Category–I status
  • The empowerment of Miniratna status to NPCC will help company to take speedy decisions by enhancing delegation of powers to the Board.

About National Projects Construction Corporation Limited (NPCC):

  • NPCC is a schedule 'B' Central Public Sector Enterprise (CPSE) under the administrative control of Ministry of Water Resources.
  • It was incorporated in 1957. 
  • It is the premier construction company having mandate with creation of infrastructure to provide impetus for economic development of the country.
  • It has also been awarded ISO 9001:2015 Certification.
  • NPCC is making continuous profit since 2009-10 and is having a positive networth for last six years.
  • It has an ambitious business plan with enhanced order book position of Rs. 11833 crore.

Interesting to know:

  • Department of Public Enterprises under Ministry of Heavy Industries & Public Enterprises grants status of Maharatna, Navratna, and Miniratna to Public Sector Undertakings (PSUs) and Central Public Sector Enterprises (CPSEs) based upon profit made by these enterprises.
  • These statuses give financial and administrative power to the companies to a certain extent. 
  • At present there are total 8 Maharatna, 16 Navratna, 60 Miniratna Category-I and 15 Miniratna Category-II CPSEs.

Question:

Q. Union Government has conferred which status to National Projects Construction Corporation Limited (NPCC)?
a. Miniratna: Category-I
b. Miniratna: Category-II
c. Navratna
d. Maharatna
NPCC conferred Miniratna Category–I status NPCC conferred Miniratna Category–I status Reviewed by Inderjeet Virdi on December 02, 2018 Rating: 5

No comments: