"Munitions India's Export Orders Surge to ₹6,000 Crore, Boosting Ammunition Sales"

Munitions India Ltd (MIL), a prominent public sector bomb-maker headquartered in Pune, has revealed a surge in international demand for its products. With export orders valued at ₹6,000 crore, the company is set to supply ammunition over the next three years.

Established in November 2021 following the reorganization of the Ordnance Factory Board into seven Defence PSUs, MIL operates 12 manufacturing units specializing in the production of bullets, shells, mortars, rockets, and hand grenades.

Gnaneshwar Tyagi, Chief General Manager of MIL's High Energy Projectile Factory, emphasized the widespread appeal of their products, stating, "Everybody wants bombs." Leading overseas customers include the UAE, Vietnam, and undisclosed European nations.

P. S. Unni Raj, Joint Director of the Export Promotion Cell at the Ministry of Defence, hailed MIL's success, describing the company as "sitting on a gold mine." Participating in the 'International Engineering Sourcing Show' in Coimbatore, Raj highlighted India's growing defense exports, projected to reach ₹25,000 crore in 2024-25.

Dr. Sanjeev Kumar Joshi, Deputy DEO of Brahmos Aerospace, showcased India's rising prominence in defense exports, citing the global demand for Brahmos missiles. Notably, the Philippines, alongside countries in the MENA region, Latin America, and Southeast Asia, have expressed interest in procuring Brahmos missiles.

India's defense exports have shown significant growth, with imports-to-exports ratio witnessing a decline over the years. MIL's strategic partnerships and procurement from MSMEs play a crucial role in its operations. Tyagi revealed plans for MIL to commence production of 125-mm 'mango' tank shells under license from Russian armament major Techmash, expecting to source materials worth ₹150 crore from MSMEs.

With a turnover of ₹4,200 crore in 2022-23, MIL anticipates reaching ₹7,000 crore in the current fiscal year and ₹10,000 crore in the following year, indicating a trajectory of continued growth and prosperity.

HBL