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Ms. S. Radha Chauhan, Chairperson, Capacity Building Commission, called on Raksha Mantri Shri Rajnath Singh

Newsmantra — Wed, 19 Nov 2025 08:38:38 +0000

NEW DELHI. Ms. S. Radha Chauhan, Chairperson, Capacity Building Commission, called on Raksha Mantri Shri Rajnath Singh in New Delhi.

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Defence PSUs MIL, AVNL & IOL Attain Mini Ratna Status for Stellar Performance and Indigenisation Drive

Newsmantra — Fri, 30 May 2025 05:49:25 +0000

NEW DELHI. Defence Minister Shri Rajnath Singh has approved the grant of Miniratna (Category-I) status to Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL), and India Optel Limited (IOL) in recognition of their outstanding performance in enhancing turnover, maximizing indigenisation, and meeting key operational benchmarks. Notably, MIL achieved a remarkable over 200% sales growth—from ₹3,314 Cr in FY 2021–22 to a provisional ₹8,214 Cr in FY 2024–25—and exponential export growth to ₹3,081 Cr. AVNL also recorded a 190% rise in sales, reaching ₹4,946 Cr (provisional), while achieving 100% indigenisation of engines for T-72, T-90, and BMP-II platforms. Their core product portfolios include a wide range of ammunition, combat and support vehicles, and advanced defence mobility solutions, contributing significantly to India’s self-reliance in defence production.

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New HAL Regional Office in Malaysia

Newsmantra — Thu, 13 Jul 2023 05:36:39 +0000

Raksha Mantri Shri Rajnath Singh inaugurated the Regional Office of Hindustan Aeronautics Limited (HAL) in Kuala Lumpur, Malaysia This Regional Office will facilitate close defence industrial collaboration between India and Malaysia. It will also serve as a hub for the HAL’s engagement with the wider South-East Asian region and act as a window for other Indian Defense PSUs.

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MoD extends capital acquisition

Newsmantra — Fri, 12 Jun 2020 09:33:22 +0000

The Ministry of Defence (MoD) has extended the delivery period for all existing capital acquisition contracts with the Indian vendors by four months due to supply chain disruptions arising out of COVID-19 pandemic.

An order to this effect has been issued today by the acquisition wing of the Ministry, duly approved by Raksha Mantri Shri Rajnath Singh. It states, “Force Majeure shall be applicable for a period of four months i.e. 25th March 2020 to 24th July 2020.”

The order adds, “Duration of this Force Majeure will be excluded while calculating the delay in delivery of contracted equipment/service and imposition of Liquidated Damages charges.”

This measure would bring a big relief to the domestic defence industry, whose production schedules have been adversely affected by COVID-19 situation.

The MoD order, however, adds that the Indian vendor is free to deliver the contracted items well within the extended delivery period.

Further, as per the order, no separate contract specific amendments are required to be made to give effect to this decision.

With respect to the foreign vendors they can approach the MoD which may consider cases on the basis of the situation prevailing in their respective countries.

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