New Delhi, Feb. 2 -- Defence Minister Rajnath Singh has approved the grant of 'Miniratna' Category-I status to Yantra India Limited (YIL), an official release from the Ministry of Defence said.

Congratulating the Defence Public Sector Undertaking (DPSU) for its transformation from a Government organisation to a profit-making corporate entity in a short span of about four years, the Defence Minister expressed satisfaction over the initiatives taken by the management of the YIL to increase the turnover of the company, maximise indigenisation and meet other performance parameters for the grant of Miniratna (Category-I) status.

The YIL has achieved significant milestones since its inception, including strong sales growth from Rs 956.32 cror...