Rapid Fire
Miniratna Status to 3 DPSUs
- 04 Jun 2025
- 2 min read
The Ministry of Defence has approved the conferment of “Miniratna (Category-I)” status to three key Defence Public Sector Undertakings (DPSUs): Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL), and India Optel Limited (IOL).
- Transformation of DPSUs: MIL, AVNL, and IOL are three of the seven PSUs carved out of the erstwhile Ordnance Factory Board (OFB) in 2021 as part of the Government of India's defence sector reforms.
- MIL products include ammunition (small to high calibre), mortars, rockets, grenades, and in-house explosives.
- AVNL products include MBT Arjun, T-90 tanks, BMP-II Sarath (amphibious Infantry Combat Vehicle), and Defence mobility solutions (Stallion, LPTA etc.)
- IOL specializes in Opto-electronic systems and vision equipment for tanks, artillery and naval weapons.
- Miniratna Category-I Status: The CPSEs which have made profit in the last three years continuously, pre-tax profit is Rs.30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status.
- Miniratna companies get more autonomy to invest, raise capital, and make quick decisions. This boosts efficiency, competitiveness, and global reach.
| Read more: Seven New Defence Public Sector Units (DPSUs) |
