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HAL and BEL cleared for navratna status

HAL and BEL cleared for navratna status
PTI
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First Published: Thu, Feb 15 2007. 03 18 AM IST
Updated: Thu, Feb 15 2007. 03 18 AM IST
New Delhi: Two bluechip defence public sector undertakings (PSUs)—Bangalore based Hindustan Aeronautics limited (HAL) and Radar giant Bharat Electronics Ltd (BEL)—are being given the coveted navratna status. This was announced on Wednesday by K. P. Singh, secretary defence production, who said that the Cabinet Committee on Economic Affairs had already cleared the proposal.
“We are in the process of implementing it,” he said at a function to confer the defence minister’s awards for excellence to defence PSUs. Once these companies are conferred navratna status, they would enjoy more operational and financial autonomy, which would help them take decisions faster.
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First Published: Thu, Feb 15 2007. 03 18 AM IST
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