New Delhi, Sept. 5 -- The Ministry of Defence stated that the corporatisation reform of 41 Ordnance Factory Board (OFB) units reorganised into 7 Defence Public Sector Undertaking (PSUs) has delivered remarkable results since October 2021, and a net profit of Rs 1,625 crore has been achieved in FY25.

In a post on X, the Office of the Defence Minister, "Since October 2021, when 41 OFB units were reorganised into 7 Defence PSUs, the corporatisation reform has delivered remarkable results. From a loss of Rs 2,844 cr in 2019-20 to a net profit of Rs 1,625 cr in FY25, setting new benchmarks in defence manufacturing."

In 2021, the Ministry of Defence stated that to enhance functional autonomy, efficiency and unleash new growth potential and in...