July 1, 2026 3:11 PM
Govt grants Miniratna status to MECON Limited
The Ministry of Steel has approved the granting of Miniratna Category-I status to engineering major MECON Limited, as the Central Public Sector Enterprise (PSE) has achieved the required financial milestones which include generating continuous profits in the last three years, according to an official statement issued on Wednesday. The company recorded a profit before tax (PBT) of Rs 77.62 crore in FY 2023-24 (restated), Rs 32.08 crore in FY 2024-25 and Rs 104.53 crore in FY 2025-26. The public ...