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Miniratna Status to 3 DPSUs

  • 04 Jun 2025
  • 2 min read

Source: PIB 

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. 

Classification_of_PSUs

Read more: Seven New Defence Public Sector Units (DPSUs) 
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