India, May 29 -- The Government of India issued the following news release:
Raksha Mantri Shri Rajnath Singh has approved the grant of "Miniratna" status Category-I for Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL) & India Optel Limited (IOL). Congratulating these DPSUs for their transformation from a government organization to a profit making corporate entity in a short span of three years, Raksha Mantri expressed his satisfaction over the initiatives taken by the management of MIL, AVNL and IOL to increase the turnover of the company, maximize indigenisation and meet other performance parameters for grant of Miniratna (Category-I) status.
Munitions India Limited has achieved significant milestones after inception...