{"id":309045,"date":"2024-09-02T19:38:51","date_gmt":"2024-09-02T14:08:51","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=309045"},"modified":"2024-09-02T19:38:51","modified_gmt":"2024-09-02T14:08:51","slug":"nhpc-limited-awarded-navratna-status","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/nhpc-limited-awarded-navratna-status\/","title":{"rendered":"NHPC Limited Awarded \u2018Navratna\u2019 Status"},"content":{"rendered":"<p><strong>Source-<\/strong> This post on <strong>NHPC Limited Awarded \u2018Navratna\u2019 Status<\/strong> has been created based on the article &#8220;<a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=2050374\" target=\"_blank\" rel=\"noopener\">NHPC Limited accorded with \u2018Navratna\u2019 company status<\/a>&#8221; published in \u201cPIB<strong>\u201d<\/strong> on 2nd September 2024.<\/p>\n<h2>Why in News?<\/h2>\n<p>Recently, NHPC Limited has been recognized with the prestigious \u2018Navratna\u2019 status by the Government of India, as announced by the Department of Public Enterprise under the Ministry of Finance.<\/p>\n<h2>Significance of Navratna Status<\/h2>\n<figure style=\"width: 453px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/Screenshot2024-08-31152158ACNK.png?resize=453%2C300&#038;ssl=1\" alt=\"NHPC Limited accorded with \u2018Navratna\u2019 company status\" width=\"453\" height=\"300\" \/><figcaption class=\"wp-caption-text\">Source: PIB<\/figcaption><\/figure>\n<p><strong>1. Enhanced Autonomy:<\/strong> NHPC will benefit from greater operational and financial autonomy, enabling quicker decision-making processes and increased efficiency.<\/p>\n<p><strong>2. Empowerment and Growth:<\/strong> This empowers NHPC to undertake significant capital expenditures (CAPEX) and investment plans, driving growth and expanding its market reach.<\/p>\n<p><strong>3. Innovation and Expansion:<\/strong> NHPC can now establish joint ventures, set up overseas offices, and explore new markets, fostering innovation and technological alliances.<\/p>\n<p>4<strong>. Mergers and Acquisitions:<\/strong> The company will have greater leeway in pursuing mergers and acquisitions, enhancing growth and increasing market share.<\/p>\n<p>5. The Navratna status will boost NHPC\u2019s operational capabilities, enabling it to achieve long-term growth and market positioning. Also, with enhanced powers, NHPC can strategically expand its reach and leverage local expertise in new and existing markets.<\/p>\n<p>Read more: <a href=\"https:\/\/forumias.com\/blog\/solar-energy-corporation-of-india-ltd-seci-achieves-navratna-status\/\" target=\"_blank\" rel=\"noopener\">About Miniratna, Navratna, and Maharatna<\/a><\/p>\n<p><strong>UPSC Syllabus: Indian Economy\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source- This post on NHPC Limited Awarded \u2018Navratna\u2019 Status has been created based on the article &#8220;NHPC Limited accorded with \u2018Navratna\u2019 company status&#8221; published in \u201cPIB\u201d on 2nd September 2024. Why in News? Recently, NHPC Limited has been recognized with the prestigious \u2018Navratna\u2019 status by the Government of India, as announced by the Department of&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/nhpc-limited-awarded-navratna-status\/\">Continue reading <span class=\"screen-reader-text\">NHPC Limited Awarded \u2018Navratna\u2019 Status<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127],"tags":[11872,3590],"class_list":["post-309045","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","tag-9pm-daily-factly","tag-pib","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/309045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=309045"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/309045\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=309045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=309045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=309045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}