New Delhi: Union Minister Dr. Jitendra Singh announced the grant of "Mini RATNA" status (Category-1) for Central Electronics Limited (CEL) at its Golden Jubilee celebration at the Ghaziabad campus on June 26, 2024.
Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions congratulated CEL on the completion of 50 glorious years in the service of the nation, now celebrating their Golden Jubilee on June 26 this year.
Speaking on the occasion, Dr. Jitendra Singh said, “We feel proud that the Golden Jubilee Celebrations are being graced by the Hon’ble Vice President of India Jagdeep Dhankhar and his guidance and motivation will persuade us to contribute more for the betterment of the country.” Adding further, the Science and Technology Minister said, “50 years of dedication, perseverance, and success is a testament to the hard work, commitment, and vision which propelled this journey of excellence.”
Dr. Jitendra Singh, while highlighting CEL’s performance, mentioned that over the last few years, especially in the last 5 years, CEL's financial stability, profitability, and operational excellence have reached new heights. CEL’s performance in terms of turnover, net worth, reserves, net profit, etc. is also remarkable.
The Minister shared that CEL has transformed from a loss-making PSU to a dividend-paying PSU, and this is the third consecutive year that CEL has paid dividends, at an increasing rate, to the Government of India. He also highlighted that celebrating 50 years with a net profit of approximately Rs 58 crore is commendable.
Recalling Prime Minister Narendra Modi’s Vision of Amrit Kaal, he said, our aim is to increase the indigenisation of technology and boost manufacturing by capacity building and skill development. Dr. Jitendra Singh lauded CEL’s contributions in the fields of defence, railway, security, surveillance, and solar energy, showing its vital role in promoting indigenous technologies and manufacturing capabilities. He added, “Rolling out the production of Smart Boards will not only diversify CEL’s product portfolio but also significantly impact the implementation of smart education in schools in the country.”
Dr. Jitendra Singh expressed his satisfaction over the new initiatives taken by the CEL management to strengthen employee engagement, which led to outstanding performance over the last few years and an all-time high achievement in the last financial year. The Minister affirmed that Central Electronics Limited has met the performance parameters for the grant of higher status of Mini RATNA (Category-1).
Sunil Kumar Sharma, Cabinet Minister of Uttar Pradesh, Dr. N. Kalaiselvi, DG, Council of Scientific and Industrial Research (CSIR), Chetan Jain, Chairman and Managing Director, CEL, along with senior officials of the Government of India, were also present for the programme. /BI
