Will this unlock newer opportunities? Is this the reason for today’s rise? any views?
Quoting from the article
As a Navratna company, Mazagon Dock can undertake investments worth up to ₹1,000 crore, without needing approval from the central government. These companies also have the liberty to invest up to 30% of their net worth within a year, as long as it remains within ₹1,000 crore.
A Navratna company is also allowed to form Joint Ventures, alliances and establish subsidiaries abroad.
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