Prime Minister Narendra Modi dedicated seven new Defence PSUs, carved out of OFBs, to the nation. These 7 new companies have been formed following the dissolution of the 200-year-old Ordnance Factory Board (OFB) w.e.f October 01, 2021. Under the OFB there were 41 factories and 9 ancillary bodies.
Now, these factories will be distributed among the seven newly created companies. Also, the 70,000 employees of these OFBs will be sent to the seven new entities, with no change in the service condition of the employees.
The seven new defence PSUs includes:
- Munition India Ltd,
- Armoured Vehicles Nigam Ltd
- Advanced Weapons and Equipment India Ltd
- Troop Comforts Ltd
- Yantra India Ltd
- India Optel Ltd
- Gliders India Ltd