The Defence Ministry on Saturday categorically said that there is no plan to privatise the Ordnance Factory Board and efforts are being made to enhance the functioning of the ammunition manufacturer.
"Discussions are continuously being held by a committee of very senior officials of the Defence Ministry with employees federations of OFB and engage with them in a positive and constructive manner on all aspects relating to corporatisation of OFB.
"It was also clarified that the government is not proposing to privatise OFB and any apprehension in this regard is misplaced," said Ajay Kumar, Secretary, Defence Production.
State-run OFB is a leading producer of ammunition for the defence forces, and has over one lakh employees.
The Defence Ministry in a statement on Friday had said,"Rumours being spread that OFB is being privatised are misguiding and with the intent to mislead workers."
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