Which public sector enterprise was granted Navratna status?
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- SCI
- HAL
- BEL
- IREDA
The Correct Option is D
Approach Solution - 1
The Indian Renewable Energy Development Agency (IREDA) was granted Navratna status, recognizing its contribution to the renewable energy sector.
Thus, the correct answer is IREDA.
Approach Solution -2
Navratna status is a recognition given by the Government of India to public sector enterprises (PSEs) that have comparative advantages, financial autonomy, and the ability to compete globally.
IREDA, a public sector enterprise focused on promoting renewable energy projects, plays a crucial role in financing and developing sustainable energy solutions across India.
The Navratna status empowers IREDA with greater financial and operational autonomy, enabling it to make investment decisions, enter joint ventures, and expand its activities more effectively.
This recognition reflects the government’s commitment to supporting renewable energy growth and promoting efficient, competitive public sector enterprises.
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