Defence Minister Rajnath Singh has approved granting 'Miniratna Category-I' status to Yantra India Limited

Defence Minister Rajnath Singh has approved granting 'Miniratna Category-I' status to Yantra India Limited

¨     Defence Minister Rajnath Singh has approved granting 'Miniratna Category-I' status to Yantra India Limited.

¨     He congratulated Yantra India Limited on transforming from a government organization to a profit-making entity in approximately four years.

¨     Its sales increased from ₹956.32 crore in 2021-22 (second half) to ₹3,108.79 crore in FY 2024-25.

¨     Exports increased from zero in 2021-22 (second half) to ₹321.77 crore in FY 2024-25.

¨     Yantra India Limited manufactures carbon fiber composites and ammunition assembly products.

¨     The company also produces assembly products for armored vehicles, artillery guns, and main battle tanks.

¨     The Miniratna Category-I status allows the board to spend up to ₹500 crore on new projects without government approval.

¨     The government formed seven new Defence Public Sector Undertakings (DPSUs) by corporatizing the erstwhile Ordnance Factory Board on October 1, 2021.

¨     Yantra India Limited is one of the newly formed Schedule 'A' Defence Public Sector Undertakings (DPSUs).

¨     It functions under the administrative control of the Department of Defence Production.

¨     In May 2025, three other DPSUs also received Miniratna-I status.

¨     These undertakings were Munitions India Limited, Armoured Vehicles Nigam Limited, and India Optel Limited.