Rajnath Singh Grants Miniratna-I Status to Yantra India, Boosts Defence Production

• Defence Minister Rajnath Singh approved 'Miniratna' Category-I status for Yantra India Limited (YIL), aligning with the Aatmanirbhar Bharat vision.
• This status empowers YIL's Board to incur capital expenditure up to ₹500 crore without government approval for new projects, modernization, and equipment purchase.
• The move aims to accelerate YIL's growth in defence production and exports, fostering indigenous capabilities and reducing import dependence.
• YIL has shown significant growth, with sales increasing from ₹956.32 crore in H2 2021-22 to ₹3,108.79 crore in FY 2024-25, and exports reaching ₹321.77 crore.
• YIL, one of the seven DPSUs formed from the corporatized Ordnance Factory Board, produces carbon fibre composites, ammunition, armoured vehicle parts, and artillery components.

Why It Matters: Yantra India Limited receives Miniratna-I status, empowering it with financial autonomy to boost defence manufacturing.