Seven companies carved out of OFB see profits soar to Rs 1,549 cr From Rs 35 crore in three Years

Seven companies formed from the old Ordnance Factory Board are now profitable three years after corporatisation. Previously, they had heavy losses. They now focus on research and development for Indian armed forces and export orders. Yantra India Limited and Armoured Vehicles Nigam Limited are among the top performers, posting substantial profits.