Satluj Jal Vidyut Nigam

♦ The Ministry of Finance upgraded four public-sector enterprises - Satluj Jal Vidyut Nigam (SJVN), Solar Energy Corporation of India Limited, National Hydroelectric Power Corporation Limited (NHPC) and RailTel Corporation of India Limited, to the 'Navratna' status. Three of the four new Navratna companies in India are publicly traded: Railtel, SJVN, and NHPC.

♦ Navratna status is awarded to government-owned companies that were previously classified under 'miniratna' category I. 

♦ Navratna companies can invest up to Rs.1,000 crore without prior government approval. Navratna PSUs also can allocate around 15 percent to a specific project or 30 percent of their net worth over an entire year, as long as it is under the Rs.1,000 crore limit.

♦ Shipbuilder Mazgaon Dock was the last PSU to be upgraded to the Navratna status, making these four the 22nd, 23rd, 24th, and 25th enterprises to be upgraded.
 

National