Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Rs 4,700 Crore Order Book: PSU Telecom Infrastructure Railway Company Achieves Navratna Status – Stock Gains Over 105 Per cent in Just 1 Year!
Update / Judgement Date
02 Sept 2024
Author
Team — WCP Legal Desk
Reading Time
1 min read
The article highlights the achievement of Navratna status by a Public Sector Unit (PSU) specializing in telecom infrastructure and railway projects. This status is a prestigious recognition given to PSUs that exhibit exceptional performance in their operations, financials, and corporate governance. The company has seen a significant rise in its stock price, appreciating over 105% in just one year. The substantial order book worth ₹4,700 crore has been a key driver for this impressive growth. The Navratna status enables the PSU to make autonomous decisions in capital expenditure and other strategic areas without needing government approvals, fostering further growth. This upgrade not only boosts investor confidence but also positions the company favorably in the competitive market of telecom and infrastructure. The gains in stock value reflect the market’s positive reception of the company’s operational and strategic advancements.