Govt confers NPCC with the status of 'mini-ratna'

The government on Tuesday conferred the National Projects Construction Corporation (NPCC) with the status of 'miniratna', empowering it to "taking speedy decisions".

Incorporated in 1957, NPCC is a premier construction company "having a mandate with the creation of infrastructure to provide the impetus for economic development of the country," said the Ministry of Water Resources, River Development and Ganga Rejuvenation in a statement.

"The Corporation is making a continuous profit since 2009-10, having positive net worth for the last six years and has an ambitious business plan with enhanced order book position of Rs. 11,833 crore," it added.

(With inputs from agencies.)