Rail Vikas Nigam Limited (RVNL) has recently been elevated from a 'Miniratna' category to a 'Navratna' Central Public Sector Enterprise (CPSE) by the Indian Government. As of April 2023, how many Navratna CPSEs are currently operational in India?

The Indian Government has recently upgraded Rail Vikas Nigam Limited (RVNL), a state-owned railway company, from a 'Miniratna' category to a 'Navratna' Central Public Sector Enterprise (CPSE). The decision to grant this status was authorized by the Finance Minister and will become effective on April 26, 2023.

As a mid-cap organization under the Ministry of Railways, RVNL reported an annual turnover of Rs 19,381 crore and a net profit of Rs 1,087 crore for the year 2021-22. With this elevation, RVNL will become the 13th Navratna company among the CPSEs operating in India.