 | |
| Company type | Public Sector Undertaking |
|---|---|
| Industry | Defence Production |
| Predecessor | Ordnance Factory Board |
| Founded | 1 October 2021 |
| Headquarters | Ammunition Factory Khadki, , |
Key people | Debashish Banerjee, IOFS (Chairman & Managing Director) & (Director Operations) D Bannerjee, IOFS (Director Finance) |
| Products | |
| Owner | Government of India |
| Divisions |
|
| Website | https://munitionsindia.in |
Munitions India Limited (MIL) is an Indian state-owned defence company, headquartered in Pune, India, established in 2021 as part of the restructuring and corporatisation of the Ordnance Factory Board into seven different Public Sector Undertakings.[1][2][3] Munitions India primarily manufactures ammunition, explosives, rockets and bombs for the use of the Indian Armed Forces, foreign militaries and domestic civilian use.
The budget allocated for MIL has seen increase in 2020s. The defence PSU was allocated a budget of Rs 577 crore in FY2023, Rs. 580 crore in FY2024 (RE) and Rs 745.45 crore in FY2025, highest among the seven defence PSUs. This is a part of infrastructure modernisation plan and in order to increase the war reserves of the Indian Armed Forces to sustain long-drawn wars. The sum is to be invested in modernising equipment, increasing production capacity and including new manufacturing lines for ammunition of 30mm and 40mm grenade launchers.[4]
- ^ Roche, Elizabeth (15 October 2021). "New defence PSUs will help India become self-reliant: PM". mint. Retrieved 16 October 2021.
- ^ "Seven new defence companies, carved out of OFB, dedicated to the Nation on the occasion of Vijayadashami". Ministry of Defence (India). Press Information Bureau. 5 October 2021. Retrieved 16 October 2021.
- ^ Pubby, Manu (12 October 2021). "Modi to launch seven new PSUs this week, Defence Ministry approves Rs 65,000-crore orders". The Economic Times. Retrieved 16 October 2021.
- ^ Cite error: The named reference
:1was invoked but never defined (see the help page).