- Defence Minister Rajnath Singh has conferred Miniratna Category-I status to three Defence Public Sector Undertakings.
- These are Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL) and India Optel Limited (IOL).
- This recognition reflects their transformation into profitable corporations within three years.
- These companies were earlier part of the state-run Ordnance Factory Board (OFB).
- They achieved Miniratna status through strong financial growth and increased indigenisation.
- MIL increased its revenue from Rs 2571.6 crore in FY 2021-22 (H2) to Rs 8282 crore in FY 2024-25 (Provisional).
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