NPCC is now a Miniratna

• The Union Government on November 27, 2018 conferred the ‘Miniratna status: Category –I’ on the National Projects Construction Corporation Limited (NPCC).

• The empowerment of Miniratna Status will help NPCC in taking speedy decisions by enhancing the delegation of powers to the Board.

• NPCC has also been awarded with the ISO 9001:2015 Certification.

National Projects Construction Corporation Limited

• National Projects Construction Corporation Limited (NPCC), a schedule ‘B’ Central Public Sector Enterprise (CPSE) under the administrative control of Ministry of Water Resources, was incorporated in 1957.

• It is a premier construction company having mandate with creation of infrastructure to provide impetus for economic development of the country.

• The Corporation is making continuous profit since 2009-10, having positive networth for the last six years and has ambitious business plan with enhanced order book position of Rs 11833 crore.

Department of Public Enterprises: Nodal Government Agency for granting status to CPSEs

• The Public Sector Enterprises are run by the Government under the Department of Public Enterprises (DPE) of Union Ministry of Heavy Industries and Public Enterprises.

• The Department of Public Enterprises is the Nodal Government agency to issue guidelines and regulation for the various state-owned CPSEs in India.

• The DPE also makes policies and guidelines for the performance evaluation and improvement of the PSUs/ CPSEs.

• The government grants the status of Maharatna, Navratna, and Miniratna to Public Sector Undertakings (PSUs) and Central Public Sector Enterprises (CPSEs) based upon the profit made by these enterprises.

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Mains Paper 3: Economy | Effects of liberalization on the economy, changes in industrial policy & their effects on industrial growth

Prelims level: NPCC

Mains level: Contribution of India’s PSUs

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