Six Defence Companies Formed After OFB Restructuring Report Provisional Profits In First Six Months

Six out of the seven new defence companies that were formed after the corporatization of the Ordnance Factory Board (OFB) have reported profits in the first six months of their operations. This is an achievement for India’s defence manufacturing sector, for these companies in the last three years have only reported losses, according to a statement from the Union government. Read More…