Defence Ministry has issued an order to dissolve the Ordnance Factory Board (OFB) in effect from October 1, 2021. After October 1, its assets, employees and management will be transferred to seven newly constituted Defence Public Sector Undertakings (DPSUs).
Ordnance Factory Board dissolved
This order will abolish OFB, an establishment which was accepted by the British in 1775. Union Cabinet had approved a long pending reform plan of corporatizing the OFB on June 16. OFB has 41 factories and it was corporatized into seven fully government-owned corporate entities on the lines of DPSUs.
Accordingly, the management, control, operations & maintenance of all the 41 production units and identified non-production units will be transferred to seven government companies from October. Those seven companies are Munitions India Limited, Advanced Weapons and Equipment India Limited, Armored Vehicles Nigam Limited, Yantra India Limited, India Optel Limited, Troop Comforts Limited and Gliders India Limited.
