September 21, 2010 4:39 PM

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Mini-ratna status to B&R Company, Bharat Pumps and Compressors<br/>

The government today provided enhanced financial autonomy to two public sector units -Bridge and Roof Company and Bharat Pumps and Compressors by granting them the mini-ratna&apos; status. With this the number of such companies under the administrative Ministry of Heavy Industries and Public Enterprises has increased to seven. Minister of Heavy Industries and Public Enterprises Vilasrao Deshmukh told reporters in New Delhi that government is committed to the growth of public sector enterprises and has no plans to sell or close sick units. Mr. Deshmukh said with enhanced powers, these two companies can also explore options of forming joint ventures and subsidiaries.

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