Mini RATNA status

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Context

• Union Minister announced the grant of "Mini RATNA" status (Category-1) for Central Electronics Limited (CEL) at its Golden Jubilee celebration.

Maharatna, Navratna, and Miniratna

• Maharatna, Navratna, and Miniratna are classifications for Public Sector Enterprises (PSEs) or Central Public Sector Enterprises (CPSEs), determined by criteria such as financial performance, net worth, revenue, and profitability.
• The Department of Public Enterprises designates these statuses based on the CPSEs' financial metrics and growth trajectory.

READ MORE: https://www.iasgyan.in/daily-current-affairs/maharatna-navratna-and-miniratna

 SOURCE: PIB