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Union Minister Rajnath Singh Grants Miniratna Category-I Status to MIL, AVNL, and IOL.

National | Dated: 01 Jun 2025

In May 2025, Union Minister Rajnath Singh, Ministry of Defence (MoD) approved the grant of ‘Miniratna’ Category-I status to three Indian Defence Public Sector Undertakings (DPSUs), namely Pune (Maharashtra)-based Munitions India Limited (MIL), Chennai (Tamil Nadu)-based Armoured Vehicles Nigam Limited (AVNL), and Dehradun (Uttarakhand)-based India Optel Limited (IOL).

🎯 Key Highlights:

  • - This decision by the MoD to grant Miniratna Category-I status to these three DPSUs will empower them to achieve an accelerated growth trajectory and reach new heights in India’s defence production and exports.
  • - MIL, AVNL, and IOL originated from the Ordnance Factory Board (OFB), which was restructured into seven entities on October 1, 2021, to enhance autonomy and innovation in defence production.
  • - MIL and AVNL are classified as Schedule 'A' new Defence Public Sector Undertakings (DPSUs), while IOL is a Schedule 'B' DPSU; all three operate under the Department of Defence Production (DDP), Ministry of Defence (MoD).

💡 Other Important Facts:

  • (i) Miniratna Category-I status is granted to Central Public Sector Enterprises (CPSEs) that have made profits consecutively for three years, have a pre-tax profit of Rs 30 crore or more in at least one of those years, and maintain a positive net worth.
  • (ii) Miniratna Category-II status is awarded to CPSEs that have made profits consecutively for three years and have positive net worth, without the Rs 30 crore pre-tax profit criterion.
  • (iii) To qualify for Miniratna status, CPSEs must have no defaults in repayment of loans or interest to the government and should not rely on budgetary support or government guarantees.

📚 Test Your Knowledge:

Recently, which Union Minister granted Miniratna Category-I status to MIL, AVNL, and IOL?

Correct Answer: Rajnath Singh

🚀 Quick Recap:

About Ministry of Defence (MoD)

  • Minister : Rajnath Singh
  • Headquarters: New Delhi