https://www.taxtmi.com/news?id=45153 Grant of Miniratna (Category-I) status to AVNL, MIL and IOL was approved to provide enhanced functional autonomy to support accelerated growth in defence production and exports. Approval is based on their rapid transformation into profit-making corporate entities through increased turnover, performance improvements and indigenisation: MIL's expansion and in house manufacture of ammunition components, AVNL's sales growth and full indigenisation of engines for major armoured platforms, and IOL's production of opto-electronic systems. These companies were formed from the Ordnance Factory Board and are classified as Schedule A (MIL, AVNL) and Schedule B (IOL) DPSUs under the Department of Defence Production. en-us Thu, 29 May 2025 22:31:04 +0530 Thu, 29 May 2025 22:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45153 Grant of Miniratna (Category-I) status to AVNL, MIL and IOL was approved to provide enhanced functional autonomy to support accelerated growth in defence production and exports. Approval is based on their rapid transformation into profit-making corporate entities through increased turnover, performance improvements and indigenisation: MIL's expansion and in house manufacture of ammunition components, AVNL's sales growth and full indigenisation of engines for major armoured platforms, and IOL's production of opto-electronic systems. These companies were formed from the Ordnance Factory Board and are classified as Schedule A (MIL, AVNL) and Schedule B (IOL) DPSUs under the Department of Defence Production. News - Thu, 29 May 2025 22:31:04 +0530 https://www.taxtmi.com/news?id=45153