Defence Ministry carves out 7 new companies from Ordnance Factory

• Seven new defence companies were dedicated to the nation on ‘Vijayadashami’ at a function organised by the Defence Ministry.
• The companies were carved out of the erstwhile Ordnance Factory Board (OFB), which was dissolved on October 1, in line with a decision taken by the Union cabinet in June this year.

New DPSUs

Advanced Weapons and Equipment (AWE) India Limited

• AWE India is based in Kanpur, Uttar Pradesh.
• According to a media report, the firm has got defence orders worth ₹4066 crore.
• It is involved in the manufacturing of small arms and weapons for the armed forces and police.

Armoured Vehicles Nigam Limited (AVANI)

• The same media report notes that AVANI has been given a contract for defence goods worth ₹30,025 crore, the highest among all the seven new DPSUs.
• The company is located in Chennai.

Gliders India Limited (GIL)

• This company too has its registered address in Kanpur.
• GIL is involved in the manufacture of textiles.

India Optel Limited (IOL)

• Headquartered in Dehradun, Uttarakhand, IOL is involved in the manufacturing of electrical machinery and apparatus.

Munitions India Limited (MIL)

• The entity is based in Pune, Maharashtra, and works to manufacture general purpose machinery.

Troop Comforts Limited (TCL)

• The company manufactures wearing apparel, except those made of fur.
• Like AWE India and GIL, the headquarters of TCL , too, is in Kanpur.

Yantra India Limited (YIL)

• According to a report, YIL has inherited OFB assets worth ₹11,000 crore.
• It is based out of Nagpur, Maharashtra, and manufactures components such as shells of ammunitions.