New Delhi, May 29 -- Defence Minister Rajnath Singh on Thursday approved the grant of "Miniratna" status Category-I to three Defence Public Sector Undertakings (DPSUs) -- Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL) and India Optel Limited (IOL).
Congratulating these DPSUs, the Defence Minister hailed their transformation from government organisation to a profit making corporate entity in a short span of three years.
He expressed his satisfaction over the initiatives taken by the management of MIL, AVNL and IOL to increase the turnover of the company, maximise indigenisation and meet other performance parameters for grant of Miniratna (Category-I) status, a Defence Ministry statement said.
Munitions India...