Engineers India gets Navratna status

Engineers India Ltd (EIL) was today conferred the coveted ‘Navratna’ status, which would give the state-owned firm more financial and operational autonomy.

“The Navratna status has been granted to the company subsequent to the fulfilment of the criteria prescribed by Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Government of India,” EIL said in a statement here.

The upgraded status will provide the company with “enhanced operational and financial autonomy to work in domestic and overseas markets,” it said.

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