Indian Ordnance Factories register a turnover of Rs 14,000 crore

GN Bureau | April 27, 2016


#Indian Ordnance Factories  

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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