Defence Minister Rajnath Singh has approved the grant of "Miniratna" status Category-I for Munitions India Limited (MIL), Armoured Vehicles Nigam Limited (AVNL) & India Optel Limited (IOL), the Ministry of Defence said in a press release.
The Defence Ministry is set to sign the Rs 10,200 crore contract for ammunition for the Pinaka multi-barrel rocket launcher weapon system on Thursday with Solar Industries, Nagpur and public sector firm Munitions India Limited (MIL).
According to a press release, the company, through its subsidiary Nibe Ordnance Global Limited, has received a Letter of Interest (LOI) from Munitions India Limited (MIL) for the supply of 155mm M107 Empty Shells.