2021
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Detailed explanation-1: -Under the reforms step, seven new government-owned corporate entities will be created on the lines of the existing Defence Public Sector Units (DPSUs) like Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) with professional management.
Detailed explanation-2: -There were 18 ordnance factories before India became independent in 1947. 21 factories have been established after independence - mostly, in wake of defence preparedness imperatives caused by the three major wars fought by the Indian Armed forces.
Detailed explanation-3: -The Apex Board was headed by the Director General of Ordnance Factories (DGOF), who acts as the Chairman of the board (ex officio Secretary to Government of India) and consisted of nine other members, who each held the rank of Additional DGOF.
Detailed explanation-4: -There are 41 Ordnance Factories geographically distributed all over the country at 24 different locations.
Detailed explanation-5: -The new companies are Munitions India Ltd (MIL), Armoured Vehicles Nigam Ltd (AVANI), Advanced Weapons and Equipment India Ltd (AWE India), Troop Comforts Ltd (TCL), Yantra India Ltd (YIL) and India Optel Ltd (IOL).