Ircon International Elevated to Navratna Status: 15th CPSE in Ranks

13 Oct 2023 , 10:45 AM

Ircon International Ltd received Navratna status, a designation for high-performing CPSEs. Navratna denotes select CPSEs granted greater autonomy and financial powers by the government. The Department of Public Enterprise granted Navratna status to IRCON on 12th October 2023.

IRCON is set to become the 15th Navratna CPSE. IRCON, under the Ministry of Railways, achieved a significant annual turnover and net profit for FY23 on both consolidated and standalone bases.

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