Prime Minister Narendra Modi dedicated seven new Defence PSUs, carved out of OFBs, to the nation, on October 15, 2021, which was dissolved by the defence ministry earlier this year. In line with a decision made by the Union cabinet, the 200-year-old OFB’s assets were divided into these seven newly established defence public sector undertakings (DPSUs), and also the 70,000 employees of these OFBs will be sent to the seven new entities, with no change in the service condition of the employees.
The seven new defence PSUs includes:
- Munition India Ltd,
- Armoured Vehicles Nigam Ltd
- Advanced Weapons and Equipment India Ltd
- Troop Comforts Ltd
- Yantra India Ltd
- India Optel Ltd
- Gliders India Ltd