CUDDALORE:
The Neyveli Lignite Corporation today made public its Navratna status, 35 days after it was conferred by President Pratibha Patil in New Delhi on April 11, 2011.
Revealing this fact at a press conference held at Neyveli on Tuesday, NLC Chairman-cum-Managing Director A.R. Ansari said that now the public sector enterprise had been elevated from the Mini-Navratna to Navratna status, based on its continuous excellence in performance in terms of electricity generation, lignite mining and turnover. Mr. Ansari said that the honour could not have been possible without the full cooperation of the officials, employees and the workforce. All these days, the NLC could not announce its exalted status because the Model Code of Conduct was in force on account of the Assembly elections. The Navratna status brings with it financial and administrative autonomy for the NLC, as hereafter it could decide on its own projects in the country. However, for taking up joint ventures and investing
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