<p>With mini-ratna status to Bridge and Roof (B&R) and Bharat Pumps and Compressors (BPCL), the number of such companies under the administrative Ministry of Heavy Industries and Public Enterprises has increased to seven.<br /><br />Kolkata headquartered B&R has been given mini-ratna category-I status while Allahabad based BPCL has been placed under category - II, Minister of Heavy Industries and Public Enterprises Vilasrao Deshmukh told reporters here.<br /><br />Deshmukh said the government was committed to the growth of public sector enterprises and has no plans to sell or close sick units.<br /><br />Category-I mini-ratna firms have the power to incur capital expenditure on new projects, modernisation, purchase of equipment without government approval up to Rs 500 while in the category-II companies have financial autonomy to spend up to Rs 250 crore.<br /><br />B&R is a multi-disciplinary engineering and construction firm which provides services to various civic authorities. BPCL caters to the need of companies in the oil and gas sector.<br /><br />Deshmukh said with enhanced powers, these two companies can also explore options of forming joint ventures and subsidiaries.<br /><br />The other five mini-ratna companies under the ministry are -- Rajasthan Electronics and Instrument, HMT (International), Hindustan Paper Corporation, Engineering Projects (India) and Hindustan Newsprint Ltd.</p>
<p>With mini-ratna status to Bridge and Roof (B&R) and Bharat Pumps and Compressors (BPCL), the number of such companies under the administrative Ministry of Heavy Industries and Public Enterprises has increased to seven.<br /><br />Kolkata headquartered B&R has been given mini-ratna category-I status while Allahabad based BPCL has been placed under category - II, Minister of Heavy Industries and Public Enterprises Vilasrao Deshmukh told reporters here.<br /><br />Deshmukh said the government was committed to the growth of public sector enterprises and has no plans to sell or close sick units.<br /><br />Category-I mini-ratna firms have the power to incur capital expenditure on new projects, modernisation, purchase of equipment without government approval up to Rs 500 while in the category-II companies have financial autonomy to spend up to Rs 250 crore.<br /><br />B&R is a multi-disciplinary engineering and construction firm which provides services to various civic authorities. BPCL caters to the need of companies in the oil and gas sector.<br /><br />Deshmukh said with enhanced powers, these two companies can also explore options of forming joint ventures and subsidiaries.<br /><br />The other five mini-ratna companies under the ministry are -- Rajasthan Electronics and Instrument, HMT (International), Hindustan Paper Corporation, Engineering Projects (India) and Hindustan Newsprint Ltd.</p>