ORDNANCE FACTORY BOARD

Motilal Oswal Nifty India Defence Index Fund breaks records by collecting Rs 1,676 crores during its NFO period. India's defence sector experiences growth through indigenisation efforts and increased investments. The country aims to enhance its defe...

The government aims to increase India's annual defense production to nearly three times its current level, reaching Rs 3 lakh crore by 2028-29. Additionally, the target for defense exports is set to more than double, reaching Rs 50,000 crore compare...

Private sector companies in India have played a significant role in the country's defence production, contributing Rs 16,411 crore in fiscal year 2023-24, marking the highest share since 2016-17. Despite a decrease from the previous year, this contr...

The ministry said in a major reform towards "ease of doing business and to achieve 'Aatmanirbharta' in defence", the Department of Defence Production, under the Ministry of Defence, has issued notification for reorganisation of DGQA which is aimed a...

This is the first such conversation between the defence ministers of the two countries in recent months and Kyiv may have indicated a list of arms that it would require, ET has learnt. Ukraine and Pakistan have a long history of defence partnership ...

Troop Comforts Ltd (TCL), a defence PSU, has received a request for proposal (RFP) for its indigenous military gear, while its products are being tried out by the Eastern Command of the Indian Army. TCL is developing mountaineering boots, crampons, ...

India is closely monitoring reports of Ukraine selling arms acquired from Pakistan to Hamas and other terror groups across West Asia and Eurasia. Sources allege that arms supplied to Ukraine have found their way to West Asia through black markets. I...

Pakistan is reportedly seeking financial support from the United States to boost its struggling economy, while deviating from its commitments to China under the China Pakistan Economic Corridor (CPEC). The current Pakistani government is allegedly s...

PSU Advanced Weapons and Equipment India is set to launch India's first long-range revolver, Prabal, on August 18. The .32 bore revolver has a firing range of up to 50 meters, which is two times longer than other revolvers in India, and a side swing...

Pakistan has reportedly reached out to a Gulf state to identify vessels flying US flags to ship a consignment of 150 containers of 25 mm cartridges to Ukraine via the Polish port of Gdansk. It is the first time Pakistan has approached a Gulf state t...

The details of the year-wise export of military hardware were provided in the Rajya Sabha by Minister of State for Defence Ajay Bhatt while replying to a question. Bhatt said the total defence exports in 2021-22 stood at Rs 12,815 crore while it was...

“While I expect the market to gradually fall down over the next couple of days, the fall may not be too large considering the last two or three days’ performance. So from that respect, I would expect the market to trend downwards and this appears to...

After facing multiple challenges like payment related issues due to western sanctions and a complicated technology transfer agreement, the joint venture is back on track and equipment to make the rifles will be sent in two stages, officials said.

Corporatisation is the act of reorganising a government-owned entity into a legal entity with the corporate structure found in publicly traded firms. The main goal of corporatisation is to allow the government to retain ownership of the company whil...

The biggest turnaround story has been Khadki-based Munitions India Ltd, which was created by merging a dozen ordnance factories around the country for a consolidated entity that produces ammunition and explosives for the armed forces.

Replying to a query during the Question Hour in the Upper House, the Defence Minister said, "Our government is strengthening all DPSUs (Defence Public Sector Undertakings) with equity support. We are also clearing their committed liabilities so that...

The PM said restructuring of OFB would provide more autonomy to nurture innovation, urging startups to collaborate with the new entities.

Central govt had announced on May 16 last year that it would improve autonomy, accountability and efficiency in ordnance supplies by corporatisation of the OFB.

The bill which seeks to replace the related Ordinance promulgated in June 2021 was tabled in the House for passage and consideration by Minister of State for Defense Ajay Bhatt.