Seven new defence companies carved out of OFB

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 15 October 2021. To enhance functional autonomy, efficiency and unleash new growth potential and innovation, the Government had decided to convert OFB from a Government Department into seven 100 per cent Governmentowned corporate entities as a measure to improve self-reliance in the defence preparedness of the country. The seven new defence companies are: Munitions India Limited (MIL); Armoured Vehicles Nigam Limited (AVANI); Advanced Weapons and Equipment India Limited (AWE India); Troop Comforts Limited (TCL) (Troop Comfort Items); Yantra India Limited (YIL); India Optel Limited (IOL) and Gliders India Limited (GIL).