Nagpur: A new public sector effort appears in the city on Friday.
Yantra India Limited (YIL) is between seven defense PSUs made from the Armament Factory Agency (OFB).
Headquartered in Nagpur, the company has been formed from the Armament Factory Ambajhari (OFAJ), confirmed with seven other factories.
As a government company, Yil must be independent and feasible.
Because inheriting assets worth RS11,000 Crore, a thin order book is also one of the challenges faced by new companies.
Producing components such as scallops from various ammunition ranging from small caliber weapons for artillery and armored.
One of the main items included pinaka rocket, a shell for a 155mm bofor gun, artillery rifle and 130 mm tanks.
Sources said that there was a drastic cutting in the order in recent years, hitting feasibility.
The command in terms of value is reduced to almost half.
It hood the operating ratio, crashing into margins.
At present, expenditure exceeds income with a considerable margin.
Sources say this can be made with more orders.
At present, the army is the main buyer of these items.
Although PSU can only supply to the private sector, over the first five years, the first preference will be among Estmana factories now new businesses orders for high caliber ammunition because the demand from the army itself has dropped.
The weaponry plant has also maintained war reserve capacity which requires main costs.
This is an additional capacity that is ready to remember that production may have to be scaled during the war.
“Even if it’s not used, there are fixed fees in maintaining capacity.
This is one of the main costs components for the new DPSUS,” said the source.
For example, large investments made for making a type of rocket.
This is made based on a large requirement projection.
However, the actual indentation is around 25% of it.
Standby capacity adds costs.
Sources said, “PSU may need support in terms of orders during the initial period until he searches for a new market or appears with other products.
The new mandate makes composite metal for spacecraft and the US for trains.
This will require fresh investment.” “DPSUS too Need to get a level of playing levels with the private sector, having a flexible procedure, “insisting on the source.
The private sector has its own freedom to cut costs.
Under the previous set, units such as the Ofaj used to previously make scallops and empty rockets sent to fill other factories including those in Chandrapur.
Now, the charging plant is part of other DPSU-ammunition India Limited (miles).
So now, Yil will supply the shell to the mile and raise the bill.
Miles in turn will pay the company based on the realization of the army or other buyers.
Yantra India Ltd inherited large assets; Outgo exceeds income
