Ghaziabad: Union Minister Dr. Jitendra Singh today announced the grant of “Mini RATNA” status (Category-1) for Central Electronics Limited (CEL) during its Golden Jubilee celebration held at the Ghaziabad campus. The event marked a significant milestone as CEL completed 50 years of service to the nation.
Dr. Jitendra Singh, who serves as the Union Minister of State (Independent Charge) for Science and Technology, Earth Sciences, Personnel, Public Grievances and Pensions, and holds responsibilities in the PMO, Department of Atomic Energy, and Department of Space, congratulated CEL on its remarkable journey.
Speaking at the event, Dr. Singh expressed pride in the Golden Jubilee Celebrations being graced by the Hon’ble Vice President of India, Jagdeep Dhankhar. He emphasized that the Vice President’s presence and encouragement would inspire further contributions towards national progress. Dr. Singh said, “50 years of dedication, perseverance, and success is a testament to the hard work, commitment, and vision which propelled this journey of excellence.”
Highlighting CEL’s impressive performance, Dr. Singh noted that in recent years, particularly the last five, CEL’s financial stability, profitability, and operational excellence have reached unprecedented heights. He mentioned significant achievements in turnover, net worth, reserves, and net profit.
During the ceremony, dignitaries included the Vice President of India Jagdeep Dhankhar, Union Minister Dr. Jitendra Singh, CEL Chairman and Managing Director Chetan Jain, Uttar Pradesh Cabinet Minister Sunil Sharma, and Dr. N. Kalaiselvi, Director General of CSIR.
Dr. Singh proudly shared that CEL has transformed from a loss-making PSU to a dividend-paying one, marking the third consecutive year of dividends to the Government of India at increasing rates. Celebrating 50 years with a net profit of approximately Rs 58 crore is a commendable achievement, he added.
Reflecting on Prime Minister Narendra Modi’s vision of Amrit Kaal, Dr. Singh emphasized the aim to increase indigenization of technology and boost manufacturing through capacity building and skill development. He praised CEL’s contributions in fields such as Defence, Railway, Security, Surveillance, and Solar energy, underscoring its role in promoting indigenous technologies and manufacturing capabilities. He also highlighted CEL’s new initiative of producing Smart Boards, which will diversify its product portfolio and significantly impact the implementation of smart education in schools across the country.
Dr. Singh expressed satisfaction with CEL’s new management initiatives to enhance employee engagement, leading to outstanding performance in recent years and record achievements in the last financial year. He affirmed that CEL has met the performance criteria required for the higher status of Mini RATNA (Category-1).