IRCON & Rites granted Navaratna status
According to this article, For a PSU company to be granted the “Navratna” status, it has to report a net profit of more than Rs 5,000 crore for three consecutive years and maintain an average annual turnover of Rs 25,000 crore for three years or have an average annual net worth of over Rs 15,000 crore for three years.
However, neither IRCON nor Rites meets this criteria. ( reference screener data).
Am I missing something ?
Can anyone through some light on this please?.
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