Ordnance Factory Board

Since the corporatisation of the Ordnance Factory Board, profits are up, the order book is looking healthy in parts, but export gaps persist

A blast occurred at an ordnance factory in Maharashtra's Bhandara district on Friday morning, and rescue efforts are underway, an official said. Rescue and medical teams have been deployed for survivors at the scene, a defence spokesperson said. District collector Sanjay Kolte said the explosion occurred around 10.30 am on the premises. There is no information about any casualties as yet, the official said.

More than a dozen workers were injured in a powerful blast at the Ordnance Factory Khamaria in Madhya Pradesh's Jabalpur district on Tuesday morning, an official said. The blast took place at around 9.45 am when explosive material was being filled in bombs in a refilling section of the factory, the official from the establishment said. Among the injured persons, two were in a serious condition and admitted to a hospital. Another worker was missing and was possibly trapped under the debris of the section in which the blast took place, he said. The blast was so powerful that it was even heard by people a few kilometres away, as per eyewitnesses. The Ordnance Factory Khamaria is one of the major ammunition production unit under the Department of Defence Production. More than a dozen workers received injuries in the blast and efforts were on to locate a missing worker, who was possibly trapped under the debris of the building, the official said. A probe has been ordered into the inci

The Congress on Thursday accused the government of indulging in "blatant favouristism" and giving the Adani group "undue advantage" in major small arms contracts for the armed forces. Posing a set of three questions to Prime Minister Narendra Modi as part of the party's "Hum Adani ke Hain Kaun" series, Congress general secretary Jairam Ramesh said the party had asked the PM a series of questions on February 15 regarding the "handing over" of large chunks of the India-Israel defence partnership to his "close friend" Gautam Adani. The Congress' slew of allegations have continued weeks after Adani Group stocks had taken a beating on the bourses after US-based short seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation. The Gautam Adani-led group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. "While he (PM) gives his gyan to G20 Foreign Ministers, he cannot run away from

Six out of the seven defence companies, which were carved out of the Ordnance Factory Board (OFB), have reported provisional profits during the initial six months, according to the defence ministry.

PM Narendra Modi has launched the seven new defence PSUs carved out of the Ordnance Factory Board. In an interview with Business Standard, defence expert Ajai Shukla explains what will change

As the government restructures defence manufacturing, it must keep in mind that changing the functional model alone won't improve efficiency

The OFB is currently a defence ministry entity and supplies critical arms and ammunition to the three armed forces and the paramilitary

MoD tells Parliament that strike threat received but not strike notice

Boosting its capital expenditure does not require a great deal of money

The iDEX initiative was launched by Prime Minister Narendra Modi in April 2018, with the aim of fostering innovation and technology development in defence and aerospace

That is significantly higher indigenisation than the 50 per cent required for "Make in India" projects

The federations of the OFB had given the call for the indefinite strike against the defence ministry's move to corporatise the 200-year-old organisation that supplies ammunition to the defence forces

Empowered Group of Ministers (EGoM) under the chairmanship of Defence Minister Rajnath Singh will oversee the process of corporatisation of the Ordnance Factory Board (OFB)

MoD announces appointment of consultants for corporatising Ordnance Factory Board; workers threaten indefinite strike from October 12

Dual goals can lead to compromise

Measures include negative import list, corporatisation of ordnance factories

In a Q&A, Hari Mohan of the Ordnance Factory Board says 85% of the operations in arms-making units can be organised while maintaining social distancing

The commissioning of the FMS will enable the factory to meet the enhanced requirements of engines and spares

OFB is the oldest and one of the largest departmentally-run commercial organisations of the government of India