Defence Ministry has approved the grant of Miniratna Category-I status to Yantra India Limited (YIL). Congratulating the Defence Public Sector Undertaking, Defence Minister Rajnath Singh said YIL has successfully transformed from a government organisation into a profit-making corporate entity within about four years.

He expressed satisfaction over the initiatives taken by YIL to increase turnover, maximise indigenisation and meet performance parameters. The Ministry of Defence highlighted that after its inception, YIL has recorded significant growth in sales, rising from over 956 crore rupees in the second half of FY 2021-22 to 3 crore rupees in FY 2024-25.

YIL manufactures key defence products including carbon fibre and glass composites, aluminium alloys, and assembly products for ammunition, armoured vehicles, artillery guns and main battle tanks. With Miniratna-I status, the YIL Board can now incur capital expenditure up to 500 crore rupees without government approval, enabling faster modernisation and growth.