The government may extend the 'Navratna' status of MTNLBSE 5.87 % by a year in a bid to revive the struggling state-owned telecom firm.
The Boards of 'Navaratna' Public Sector Units are delegated more powers in the areas of capital expenditure, equity investments, organisational restructuring and raising debt from the domestic capital markets and borrowings from international markets. There are 17 Navratna PSUs including HPCLBSE -1.09 %, BPCLBSE 2.94 %, RINL and NMDCBSE 0.73 %.
