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Three Defence PSUs Granted Miniratna-I Status

  • 30 May 2025

In May 2025, the Defence Ministry granted Miniratna Category-I status to Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL), and India Optel Limited (IOL) for their exceptional performance and rapid growth.

  • The recognition marks a significant milestone in the transformation and corporatisation efforts initiated under the Ministry of Defence’s reform agenda.
  • The Miniratna-I status will grant these companies greater financial and operational autonomy, including enhanced powers for capital expenditure and joint ventures.
  • Defence Minister acknowledged the proactive initiatives taken by MIL, AVNL, and IOL to increase their turnovers, enhance indigenisation, and fulfil critical defence sector needs.
  • The Ministry noted that these companies have successfully met the performance parameters required for Miniratna recognition, including profitability, efficiency, and innovation.
  • The new status is expected to fast-track growth, enable expansion into export markets, and contribute significantly to the government’s ‘Atmanirbhar Bharat’ vision in defence production.
  • MIL, AVNL, and IOL have played vital roles in supplying high-quality munitions, armoured vehicles, and optical electronics to the Indian Armed Forces and allied nations.