MECON Gets Miniratna Category-I Status

MECON Limited was granted Miniratna Category-I status by the Ministry of Steel after its net worth crossed Rs 535 crore.

MECON is a public sector engineering and consultancy company under the Ministry of Steel. The Miniratna Category-I status gives eligible CPSEs greater financial and operational autonomy within prescribed limits. Such classifications are frequently asked in economy and public sector enterprise topics. The development is important for understanding PSU categories, administrative control and public enterprise reforms.