Govt approves Miniratna status to 3 defence PSUs
This story was originally published at 18:55 IST on 29 May 2025
Register to read our real-time news.Informist, Thursday, May 29, 2025
NEW DELHI – The government has granted Miniratna Category-I status to Munitions India Ltd., Armoured Vehicles Nigam Ltd., and India Optel Ltd., a government release said Thursday. The central public sector companies which have made profit in the last three years continuously, while pre-tax profit is INR 300 million 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.
Munitions India's sales increased to INR 82.14 billion in 2024-25 (Apr-Mar) from INR 33.14 billion in FY22. Out of the total, INR 30.81 billion worth of equipment was exported to various nations. The company produces small, medium and high calibre ammunition, mortars, rockets, hand grenades.
Armoured Vehicles Nigam sales also increased to INR 49.46 billion in FY25 from INR 25.69 billion in FY22. The company produces armoured and combat vehicles and provides defence mobility solutions.
India Optel increased its sales to INR 15.41 billion in FY25 from 5.62 billion in FY22. It manufactures vision equipment which are used in land system platforms and battle tanks. End
Reported by Sagar Sen
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
