[pib] NPCC is now a Miniratna

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Mains Paper 3: Economy | Effects of liberalization on the economy, changes in industrial policy & their effects on industrial growth

From the UPSC perspective, the following things are important:

Prelims level: NPCC

Mains level: Contribution of India’s PSUs


News

  • National Projects Construction Corporation Limited (NPCC) has been conferred with the status of Miniratna: Category –I by the Government of India.

About NPCC

  1. NPCC, a schedule ‘B’ CPSE under the administrative control of Ministry of Water Resources RD & GR, has also been awarded ISO 9001:2015 Certification.
  2. The Corporation, incorporated in 1957, is a premier construction company having mandate with creation of infrastructure to provide impetus for economic development of the country.
  3. The Corporation is making continuous profit since 2009-10,  having positive networth for the last six years and has ambitious business plan with enhanced order book position of Rs. 11833 crore.
  4. The empowerment of Miniratna Status to NPCC will help the company in taking speedy decisions by enhancing the delegation of powers to the Board.
Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.
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