The recently announced policy on ‘Strategic
Partnership’ by the Defence Minister is the
most welcome decision of the Government
which would help the Indian manufacturers
of arms and ammunition to have long-term
assured growth avenues.
Currently we are the sole manufacturer
of HMX, RDX, TNT and their compounded
products in the private sector and also have
a large Composite Propellant plant. Most of
our products have been tested and validated
by various approved defence agencies.
We are also working on setting up a world-
class project for manufacture of Bi-modular
Charge Systems and fully integrated
Rockets which in the long run would play
a crucial role in considerably reducing the
Country’s foreign exchange outgo and will
help the Company to increase the return on
our Capital employed.
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