EdCIL (India) Limited recently paid a dividend of Rs 16 Crore to the Government of India for the year 2021-22.
About EdCIL (India) Limited:
- EdCIL (India) Limited is a Mini Ratna Category-I CPSE of the Ministry of Education, Government of India.
Criteria for grant of Miniratna status to CPSEs:
- Miniratna Category-I status:The CPSEs which have made profit in the last three years continuously, pre-tax profit is Rs.30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status.
- Miniratna Category-II status: The CPSEs which have made profit for the last three years continuously and have a positive net worth are eligible to be considered for grant of Miniratna-II status.
- Miniratna CPSEs should have not defaulted in the repayment of loans/interest payment on any loans due to the Government.
- Miniratna CPSEs shall not depend upon budgetary support or Government guarantees.
Source : PIB