EdCIL (India) Limited

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Overview:

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