IRCTC, IRFC Upgraded to Navratna: All Listed Railway PSUs Now Navratnas
The Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) have been granted Navratna Public Sector Undertaking (PSU) status by the Indian government. With this, all seven listed railway PSUs have now attained Navratna classification, providing them greater financial and operational autonomy. The move reflects the government’s commitment to enhancing the efficiency and profitability of railway-owned enterprises.
The seven railway PSUs classified as Navratna include,
Growth in Railway PSU Profits
The Indian government classifies PSUs into three categories,
A PSU must,
Score 60+ points based on six performance indicators:
Summary/Static | Details |
Why in the news? | IRCTC, IRFC Upgraded to Navratna: All Listed Railway PSUs Now Navratnas |
New Navratna PSUs | IRCTC & IRFC |
Total Navratna Railway PSUs | 7 (Concor, RVNL, IRCON, RITES, RailTel, IRCTC, IRFC) |
IRCTC Turnover (FY24) | ₹4,270 crore |
IRCTC Profit (FY24) | ₹1,111 crore |
Cumulative Railway PSU Profits (FY21 to FY24) | Increased from ₹7,015 crore to ₹11,780 crore |
Investment Limit for Navratna PSUs | ₹1,000 crore or 15% of net worth per project |
Navratna Eligibility Criteria | Miniratna-I status, 60+ score in key financial metrics |
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