Kautilya

Five Years After OFB Restructuring, New Defence PSUs Show Stronger Financial Performance

The seven companies — Munitions India Limited, Armoured Vehicles Nigam Limited, Advanced Weapons and Equipment India Limited, Troop Comforts Limited, Yantra India Limited, India Optel Limited and Gliders India Limited — were created in October 2021 to bring greater accountability, operational flexibility and commercial discipline to the former ordnance factory network.