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.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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:
Have you ever noticed that forests have their own protectors? Nature creates a balance where…
Ever wondered why winters in India feel cool but not extremely freezing? Nature has placed…
Did you know one of the world’s most famous literary awards started with a quiet…
The National Cooperative Development Corporation (NCDC) is implementing two major initiatives—Yuva Sahakar Scheme and Swayamshakti…
The PNB LUXURA Metal Credit Card is a premium credit card launched by Punjab National…
The Karnataka government has announced the rollout of an automatic property mutation system, a major…