MECON Granted Miniratna Category-I Status by Steel Ministry
Why in the news
MECON Limited, a central public sector enterprise under the Ministry of Steel, was granted Miniratna Category-I status in July 2026. PSU status upgrades are frequent exam items.
Key facts
- Miniratna Category-I status was granted to MECON Limited, reported as of 1 July 2026.
- Granting ministry: Ministry of Steel, after the company met the prescribed criteria.
- Net worth stood at Rs 535.42 crore as on 31 March 2026.
- The status gives the company more autonomy for faster investment and modernisation decisions.
| Year | Profit before tax |
|---|---|
| FY24 | Rs 77.62 crore |
| FY25 | Rs 32.08 crore |
| FY26 | Rs 104.53 crore |
About Miniratna status
Miniratna is a category of central public sector enterprises that receive extra financial and operational autonomy. MECON is a public sector undertaking working under the Ministry of Steel.
Exam angle
- Know the name of the PSU, the category (Category-I) and the ministry (Steel).
- Profit figures are often asked as a comparison across years; FY26 is the highest of the three.
- Status upgrades give greater autonomy in investment decisions.