The correct answer is Munitions India Limited (MIL).
Munitions India Limited (MIL), one of the seven new Defence Public Sector Undertakings (DPSUs) formed after the corporatization of the Ordnance Factory Board (OFB), was granted 'Miniratna' Category-I status in May 2025.
The 'Miniratna' status allows greater financial and operational autonomy to MIL, enabling it to expand its operations and improve efficiency.
MIL specializes in the manufacture of ammunition and explosives, catering to the needs of the Indian Armed Forces, paramilitary forces, and other customers.
This recognition as a 'Miniratna' DPSU reflects the company's strong financial performance and strategic importance in India's defense manufacturing sector.
The status empowers MIL to make decisions regarding capital expenditure, joint ventures, and technology acquisitions within specified limits without seeking government approval.
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What was the trilateral naval exercise between India, Japan and The US held in November 2020 called?
