Ordnance Factories corporatisation: Govt to launch 7 new companies

Joseph B. Hash

As part of the corporatisation of the Ordnance Factories, the Central govt will formally start seven new organizations on October fifteen, knowledgeable the Ministry of Defence on Monday. The govt is changing Ordnance Factory Board (OFB) into company entities. These seven new defence organizations will have 66 firm contracts really […]

As part of the corporatisation of the Ordnance Factories, the Central govt will formally start seven new organizations on October fifteen, knowledgeable the Ministry of Defence on Monday.

The govt is changing Ordnance Factory Board (OFB) into company entities.

These seven new defence organizations will have 66 firm contracts really worth Rs sixty five,000 crore from the three solutions and paramilitary forces.

The new organizations are – Sophisticated Weapons and Tools India Limited, Troop Comforts Ltd, Avani Armoured Cars, Munitions India Limited, India Optel Limited, Gliders India Limited, Yantra India Limited.

(Only the headline and photograph of this report may possibly have been reworked by the Organization Typical personnel the rest of the material is automobile-generated from a syndicated feed.)

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