OFB

Six out of the seven defence companies, which were carved out of the Ordnance Factory Board (OFB) on October 15 last year, have reported provisional profits during the initial six months of their operations, according to the defence…

The armed forces have received the first batch of 70,000 rifles from Russia as part of a larger contract to manufacture the AK 203 assault rifles in India. The initial batch has been delivered at a fast pace as requested by India, despite…

The creation of seven new defence companies that have been carved out of Ordnance Factory Board (OFB) will play a major role in curbing imports and making India self-dependent with the goal being to create a global brand of "strength,…

Corporatisation of the Ordnance Factory Board into 100% government-owned entities is a landmark event in the 245-year-old history of the board which received an annual budgetary support of over Rs 3,500 crore for its 76,000 permanent…