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IREDA & HUDCO granted ‘Navratna status’ by Department Of Public Enterprises

Published on April 29, 2024
Current Context: The Indian Renewable Energy Development Agency (IREDA) was granted the ‘Navratna status’ by the Department of Public Enterprises on April 26, 2024.
IREDA & HUDCO granted ‘Navratna status’ by Department Of Public Enterprises
  • This status allows IREDA to operate more independently and efficiently.
  • The ‘Navratna status’ is accorded to Public Sector Undertakings (PSUs) who are authorized to take up investments of up to ₹1,000 crore without Central nod.
  • They have the room to invest up to 30% of their net worth within a year as long they adhere to the ₹1,000 crore threshold.
  • Firms should already have miniratna category I status and be listed under Schedule A of CPSEs to qualify for Navratna. 
  • IREDA, under the Ministry of New and Renewable Energy, is a non-banking financial institution engaged in projects related to new and renewable sources of energy and energy efficiency/conservation.
  • With IREDA in the list, the total number of Navratna PSEs is now 17.


Q.1 What is the maximum investment limit for PSUs with ‘Navratna status’ without Central approval?
a. 1000 crore
b. 1,500 crore
c. 2,000 crore
d. 2,500 crore
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