Is Airport Authority of India a navratna company?

Is Airport Authority of India a navratna company?

NEW DELHI: MMTC and Airport Authority of India are the new PSU aspirants for the coveted Navratna status which gives greater operational autonomy, a senior official has said. The board of directors of ‘Navratna’ PSUs can take investment decisions up to Rs 1,000 crore without approval from the government.

Is Airport Authority of India a government company?

The Airports Authority of India or AAI is a statutory body, under the jurisdiction of Directorate General of Civil Aviation, Ministry of Civil Aviation, Government of India. It is responsible for creating, upgrading, maintaining and managing civil aviation infrastructure in India.

How does a PSU gets Maharatna status?

According to the criteria, Maharatna status may be granted to listed Navaratna central public sector companies with an average annual turnover of more than Rs 25,000 crore, net profit after tax of Rs 5,000 crore and a net worth of Rs 15,000 crore during the past three years. …

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What are the Navaratna PSUs?


1. National Buildings Construction Corporation (NBCC) New Delhi
2. Container Corporation of India (CONCOR) New Delhi
3. Power Finance Corporation New Delhi
4. RashtriyaIspat Nigam Limited Visakhapatnam, Andhra Pradesh

What is AAI job?

Airports Authority of India (AAI) is responsible for creating, maintaining, upgrading and managing the civil aviation infrastructure in India. AAI also provides Air Traffic Management / Communication Navigation Surveillance services over the Indian Airspace as well as adjoining oceanic areas.

Is Airport Authority of India profitable?

Hit by the Coronavirus pandemic, which led to the closure of airports across the country after March 2020, with flights available only for major cities during the better part of last year, the Airports Authority of India (AAI) reported a significant 70 per cent fall in its revenue from Rs 2,976.17 crore during April- …

Is ONGC a Maharatna company?

Premier corporate and the most valuable Public Sector Undertaking ONGC was formally conferred Maharatna Status today by Shri Vilasrao Deshmukh, Hon’ble Union Minister of Heavy Industry and Public Enterprises.

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How many navratna are there in India?

fourteen Navratna Companies
How many Navratna Companies are there in India? Ans. There are fourteen Navratna Companies in India.

What is Maharatna Miniratna navratna?

The government grants the status of Navratna, Miniratna and Maharatna to Central Public Sector Enterprises (CPSEs) based upon the profit made by these CPSEs. These companies are owned and operated by the Union Government of India, or a state government, or both.