What is the status of AAI at present, as a profit making PSE? What advantages does it confer on AAI as a Miniratna Category 1 PSE?

AAI has been consistently making profits since its formation. In February 2009, AAI was granted "Miniratna Category 1 PSE" status by the Government of India. As a Miniratna Category 1 PSE, the Financial Powers of the Board of AAI to invest capital expenditure have been enhanced to Rs.500 crores without Govt. approval.