IRCTC and IRFC Granted Navratna Status: All Railway PSUs Now Navratnas
| Summary/Static | Details |
|---|---|
| Why in the news? | IRCTC and IRFC upgraded to Navratna status; all listed railway PSUs now Navratnas. |
| New Navratna PSUs | Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC). |
| Total Navratna Railway PSUs | 7 (Container Corporation of India (Concor), Rail Vikas Nigam Limited (RVNL), IRCON International Limited, RITES Limited, RailTel Corporation of India, IRCTC, IRFC). |
| IRCTC Turnover (FY24) | ₹4,270 crore. |
| IRCTC Profit (FY24) | ₹1,111 crore. |
| Net Worth of IRCTC | ₹3,230 crore. |
| IRFC Scope | Financial arm of Indian Railways, responsible for raising funds for railway infrastructure projects. |
| Cumulative Railway PSU Profits (FY21 to FY24) | Increased from ₹7,015 crore in FY21 to ₹11,780 crore in FY24. |
| Investment Limit for Navratna PSUs | ₹1,000 crore or 15% of net worth per project. |
| Annual Investment Cap | 30% of net worth, capped at ₹1,000 crore. |
| Navratna Eligibility Criteria | Miniratna-I status, "Excellent" or "Very Good" MoU rating in 3 of the last 5 years, and 60+ points based on six financial performance indicators. |
| Performance Indicators | Net Profit to Net Worth, Manpower Cost to Total Cost of Production, PBDIT to Capital Employed, PBIT to Turnover, Earnings Per Share (EPS), Inter-Sectoral Performance. |