Finance Ministry adds four new navratnas

Finance minister Nirmala Sitharaman has granted the navratna status to four more state-owned public enterprises – Satluj Jal Vidyut Nigam Ltd, Solar Energy Corporation of India Ltd, Railtel Corporation of India Ltd and National Hydroelectric Power Corporation Ltd.

The number of navratna firms have increased to 25 as a result, from 21 earlier. The upgrade to navratna status will give the board of these four central public sector enterprises greater autonomy in terms of taking financial decisions.