ORDNANCE FACTORY BOARD (OFB)

Oct. 16, 2021

Seven new defence companies, carved out of Ordnance Factory Board (OFB), were dedicated to the Nation at a function organised by Ministry of Defence on the occasion of ‘Vijayadashami’ in New Delhi on October 15, 2021.

About:

  • To enhance functional autonomy, efficiency and unleash new growth potential & innovation, Government had decided to convert OFB from a Government Department into seven 100 per cent Government-owned corporate entities as a measure to improve self-reliance in the defence preparedness of the country.

  • These companies have commenced business from October 01, 2021.

The seven new Defence companies are:

  1. Munitions India Limited (MIL);

  2. Armoured Vehicles Nigam Limited (AVANI);

  3. Advanced Weapons and Equipment India Limited (AWE India);

  4. Troop Comforts Limited (TCL) (Troop Comfort Items);

  5. Yantra India Limited (YIL);

  6. India Optel Limited (IOL) and

  7. Gliders India Limited (GIL).

Source : PIB