| Event | Raksha Mantri approves "Miniratna" Category-I status for Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL), and India Optel Limited (IOL). |
| Background | These DPSUs were formed after the corporatisation of Ordnance Factory Board (OFB) on October 1, 2021, restructuring it into seven DPSUs for improved autonomy, efficiency, and innovation. |
| Classification | MIL & AVNL - Schedule 'A' DPSUs; IOL - Schedule 'B' DPSUs under the Department of Defence Production (DDP). |
| Munitions India Limited (MIL) | |
| - Sales Growth | ₹2,571.6 crore (FY 2021-22 H2) → ₹8,282 crore (FY 2024-25 provisional). |
| - Exports | ₹22.55 crore (FY 2021-22 H2) → ₹3,081 crore (FY 2024-25 provisional). |
| - Products | Small/medium/high-calibre ammunition, mortars, rockets, hand grenades, initiatory compositions, propellants, high explosives. |
| Armoured Vehicles Nigam Limited (AVNL) | |
| - Sales Growth | ₹2,569.26 crore (FY 2021-22 H2) → ₹4,986 crore (FY 2024-25 provisional). |
| - Indigenisation | 100% indigenisation of engines for T-72, T-90, BMP-II platforms. |
| - Products | T-90 tanks, MBT Arjun, BMP-II Sarath, MPVs, AERVs, Stallion, LPTA. |
| India Optel Limited (IOL) | |
| - Sales Growth | ₹562.12 crore (FY 2021-22 H2) → ₹1,541.38 crore (FY 2024-25 provisional). |
| - Products | Opto-electronic systems, vision enhancement equipment for T-90/T-72 tanks, BMP-II, artillery, naval guns. |
| Strategic Impact | Miniratna-I status grants financial/operational autonomy, enabling faster decisions, expanded investments, increased exports, and collaborative R&D. |
