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(01/07/2026 13:03)

MECON granted Miniratna Category-I Status

MECON Limited has been granted Miniratna Category-I status by the Ministry of Steel, following sustained profitability and a net worth exceeding Rs 535 crore.

The company reported profit before tax (PBT) of Rs 77.62 crore in FY24, Rs 32.08 crore in FY25, and Rs 104.53 crore in FY26, while its net worth stood at Rs 535.42 crore as of March 31, 2026, meeting the eligibility criteria laid down by the Department of Public Enterprises.

The Miniratna Category-I status provides MECON with greater financial and operational autonomy, enabling faster decision-making on investments, modernization, technology upgrades, and business expansion.

Established in 1959 and headquartered in Ranchi, MECON is a leading engineering, consultancy, project management, and contracting company with operations spanning steel, mining, infrastructure, power, oil & gas, and other core sectors.
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