27/10/2021

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Ordnance Factories corporatisation: Govt to launch 7 new companies

2 min read

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As part of the corporatisation of the Ordnance Factories, the Central governing administration will formally launch 7 new organizations on October 15, informed the Ministry of Defence on Monday.

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The government is changing Ordnance Factory Board (OFB) into company entities.&#13
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These 7 new defence businesses will have 66 organization contracts really worth Rs 65,000 crore from the 3 expert services and paramilitary forces.

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The new firms are – Superior Weapons and Gear India Confined, Troop Comforts Ltd, Avani Armoured Cars, Munitions India Confined, India Optel Limited, Gliders India Minimal, Yantra India Confined.

(Only the headline and photograph of this report may have been reworked by the Company Conventional employees the relaxation of the articles is vehicle-created from a syndicated feed.)

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