Union Minister announced grant of 'Mini RATNA' status (Category-1) for Central Electronics Limited (CEL)
- Grant of "Mini RATNA" status (Category-1) for Central Electronics Limited (CEL) at its Golden Jubilee celebration.
Highlights:
- CEL has transformed from a loss-making PSU to a dividend paying PSU and this is the 3rd consecutive year that CEL has paid dividends, that too at increasing rate, to the Government of India.
- attaining Net profit of approx. Rs 58 crore.
- In line with Prime Minister’s Vision of Amrit kaal , CEL’s aim is to increase indigenization of technology and boost manufacturing by capacity building, skill development.
- CEL’s contributions in the fields of Defence, Railway, Security, Surveillance and Solar energy shows its vital role in promoting indigenous technologies and manufacturing capabilities.
- Going further, “Rolling out production of Smart Boards which will diversify CEL’s product portfolio but also significantly impact implementation of smart education in schools in the country.
- The new initiatives taken by the CEL Management to strengthen Employee Engagement which led to outstanding performance over the last few years and an all-time high achievement in the last financial year.
- Central Electronics Limited has ticked the right boxes of performance parameters for grant of higher status of Mini RATNA (Category-1).
Prelims Takeaway:
- Mini Ratna
- CEL