CrackitToday App

Corporatisation of the Ordnance Factory Board

Kumari Sonali

Corporatisation of the Ordnance Factory Board:

India’s ordnance factories have posted record export orders of ₹3,500 crore in FY25, the highest ever since corporatisation.In October 2021, the government reorganised 41 Ordnance Factory Board units into seven Defence Public Sector Undertakings (DPSUs) Financial turnaround: from ₹2,844 crore cumulative loss (2019-20) → ₹625 crore profit (2022-23 & 2024-25). Exports surged from ₹81 crore in 2019-20 → ₹3,500 crore in 2024-25. MIL emerged as the top performer; three DPSUs (MIL, AVNL, IOL) granted Miniratna Category-I status.

...Read more on our test console

...Read these too

  • Ordnance Factory Board

    Ordnance Factory Board:   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…

  • Ordnance Factory Board (OFB)

    Ordnance Factory Board (OFB): The Defence Ministry has issued an order for the dissolution of the Ordnance Factory Board (OFB) with effect from October 1 upon which its assets, employees…

  • Corporatization Of Ordnance Factory Board

    Corporatization Of Ordnance Factory Board: The Union Cabinet approved a plan to corporatise the Ordnance Factory Board (OFB). New Structure: 41 factories across the country will be dissolved into seven…