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Published on Feb 3, 2026
Current Affairs
Rajnath Singh
Rajnath Singh

♦ Defence Minister Rajnath Singh has approved the grant of Miniratna Category-I status to Yantra India Limited (YIL), a defence public sector undertaking (DPSU), on 2 February 2026. 
The Ministry of Defence stated that congratulating YIL on its rapid transition from a government organisation to a profit-making corporate entity within four years.

♦ He 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.