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of <h1>Defence Minister Elevates Three Defence PSUs to Miniratna Status, Boosting Indigenization and Operational Autonomy</h1> Defence Minister granted 'Miniratna' status to three Defence Public Sector Undertakings: Armoured Vehicles Nigam Limited, Munitions India Limited, and India Optel Limited. The companies demonstrated significant sales growth and indigenization achievements. This status aims to enhance their functional autonomy, efficiency, and potential for defence production and exports, following the restructuring of the Ordnance Factory Board in 2021.
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