Alarm after defence PSU sells explosives to banned German Company

Munitions India Limited (MIL) sold and delivered almost 500 tons of explosives to Rheinmetall, a German company banned for corruption since 2012. The deal was executed through an intermediary. Shipments began in late 2023 and continued into early 2024. Authorities were alerted and the final shipment was stopped. The event highlights MIL's booming international demand amid the Russia-Ukraine conflict.