The corporatisation of the Ordnance Factory Board (OFB) into seven Defence Public Sector Undertakings (DPSUs) has delivered strong results, with record export orders worth nearly ₹3,500 crore secured in 2024-25, according to senior Defence Ministry officials.
Since October 2021, when 41 OFB units were reorganised into seven entities — Yantra India Limited (YIL), Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL), Advanced Weapons and Equipment India Limited (AWE India), Troop Comforts Limited (TCL), India Optel Limited (IOL) and Gliders India Limited (GIL) — six of the companies have posted profits.
