GN Bureau | April 27, 2016
The Indian Ordnance Factories – a family of 41 ordnance factories – listed its achievements for the financial year 2015-16. With over 200 years’ experience in defence production, the industry functions under the department of defence production of the ministry of defence.
Here’s a quick look at its achievements:
• Turnover of more than Rs 14,000 crore
• High growth rate of 24 percent vis-a-vis financial year 2014-15
• Exports and civil trade diversification activities reaching a value of over Rs 600 crore
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