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Munitions India Limited (MIL) is an Indian state-owned defence company, headquartered in Pune, India, established in 2021 as part of the restructuring and corporatisation of the Ordnance Factory Board into seven different Public Sector Undertakings.
Munitions India Limited was newly formed entity to take over the business of ammunition and explosives from the erstwhile OFB. The Company did not meet the definition Of 'Business' at the time or re-organisatton per Ind AS 103.
Publicly available records now indicate that Munitions India Ltd (MIL) – a public sector enterprise under the Ministry of Defence – has also been permitted to ship its products to Israel as...
Jun 15, 2024 · Munitions India Limited is an unlisted public company incorporated on 17 August, 2021. It is classified as a Government of India company and is located in Pune, Maharashtra. It's authorized share capital is INR 42,000.00 cr and the total paid-up capital is INR 34,899.91 cr.
Feb 8, 2024 · Defence Public Sector Enterprise Munitions India Limited (MIL) has clinched a $225 million deal with Nadrah Company for the supply of artillery ammunition to Saudi Arabia. The agreement, inked during the World Defence Show (WDS) 2024 in Riyadh, marks one of India's major defence export orders.
Feb 6, 2024 · IIT Madras and Munitions India Limited have united to pioneer India's first domestically designed 155 Smart Ammunition, a monumental step towards defence self-reliance. The project aims to drastically improve accuracy to a Circular Error Probable (CEP) of 10 meters, enhancing precision in defense operations.
Oct 15, 2021 · The seven new defence companies that have been incorporated are Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVANI), Advanced Weapons and Equipment India Limited (AWE India), Troop Comforts Limited (TCL), Yantra India Limited (YIL), India Optel Limited (IOL), and Gliders India Limited (GIL), the PMO’s statement read.
