MECON Limited granted Miniratna Category-I status
The Ministry of Steel granted Miniratna Category-I status to MECON Limited, a Schedule 'A' CPSE with a net worth of Rs 535.42 crore as on 31 March 2026, the ministry said on 1 July 2026.
Summary
The Ministry of Steel approved Miniratna Category-I status for MECON Limited, a Schedule 'A' Central Public Sector Enterprise under its administrative control, the ministry said on 1 July 2026. MECON reported continuous profits in the last three financial years, including a profit before tax of Rs 104.53 crore in FY 2025-26, and a positive net worth of Rs 535.42 crore as on 31 March 2026, meeting the Department of Public Enterprises criteria. The status gives its Board more financial and operational autonomy. MECON was established in 1959 and is headquartered in Ranchi.
Key facts
- Status
- Miniratna Category-I
- Company
- MECON Limited, Schedule 'A' CPSE, Ministry of Steel
- Net worth
- Rs 535.42 crore (31 March 2026)
- PBT FY 2025-26
- Rs 104.53 crore
- Founded / HQ
- 1959 / Ranchi
Practice MCQs 1 questions
MECON Limited, granted Miniratna Category-I status in July 2026, is headquartered in:
Show answer
Correct answer: A — Ranchi
MECON Limited, established in 1959, is headquartered in Ranchi and is under the Ministry of Steel.