EXCLUSIVE | Rs 2,500 Cr Corpus Likely to Handhold 7 DPSUs That Replace OFB, Rs 1,000 Cr Already Sanctioned news18.com

The Ministry of Finance has sanctioned an advance of Rs 1,000 crore from the Contingency Fund of India to meet the emergent operational requirements of seven new Defence Public Sector Undertakings (DPSUs) as they come up on October 1 with the dissolution of the 246-year-old Ordnance Factory Board (OFB). News18.com has learnt that the sanction came through earlier this month.