Question

In which year was Antrix Corporation Limited awarded ‘Miniratna’ status?

• A. 2004
• B. 2006
• C. 2008
• D. 2010

Answer 1

Answer:

C. 2008

• Correct Answer: Option C) 2008

• Antrix Corporation Limited is the commercial arm of the Indian Space Research Organisation (ISRO). It was established in 1992 to promote and commercially market the products and services of the Indian space program.

• In 2008, Antrix Corporation Limited was awarded 'Miniratna' status by the Government of India. This status is given to Central Public Sector Enterprises (CPSEs) that have made profits continuously for at least 3 years and have a positive net worth.

• The Miniratna status granted Antrix Corporation Limited greater operational and financial autonomy, allowing it to make capital expenditure decisions without seeking government approval up to certain limits, which helped boost its commercial operations in the space sector.

• Key points about Antrix Corporation:

• Established: 1992

• Headquarters: Bengaluru

• Purpose: Commercial marketing of ISRO's products and services

• Miniratna status awarded: 2008