Munitions India Ltd. Sees Record-Breaking Export Growth, INR 1726 Crore in FY 2023-24

Munitions India Limited (MIL), a cornerstone of India's defence manufacturing sector, has made significant strides in the export market. The company announced impressive figures for the financial year 2023-24, reporting ammunition and explosives exports valued at INR 1,726 Crore (approximately USD 210 million).

This landmark achievement underscores MIL's expanding capabilities as a major player in the global defence industry. The company's focus on both domestic needs and the international market demonstrates its commitment to becoming a leading supplier of high-quality munitions.

Growing Ambitions​

MIL's export success directly aligns with India's ambitions to establish itself as a reliable defence exporter. The substantial revenue generated through these exports strengthens the nation's economy and provides crucial funds for the continued advancement of India's defence capabilities.

Market Implications​

Industry analysts predict that MIL's strong export performance will have ripple effects throughout the sector. It could encourage other Indian defence manufacturers to pursue international markets more aggressively.

Additionally, this success highlights India's potential to become a competitive alternative in the global arms trade.

The Path Forward​

MIL has expressed its intention to build upon this significant accomplishment. The company plans to expand its product portfolio, explore new markets, and cultivate strategic partnerships to further solidify its position in the international defence industry.

 

[Steel Mathi]

India should not accept these orders...all the current orders are mostly arms going through third party to Ukraine...this action will create negative impression on Russia towards India...

 

[Swanand Kulkarni]

India should not accept these orders...all the current orders are mostly arms going through third party to Ukraine...this action will create negative impression on Russia towards India...

Russia has supplied weapons to Pakistan.
Also they gave engines to Pakistan.
So why shouldn't we export shells ??

 

[Hari Sud]

Somebody more knowledgeable, please do comment on quality of ammunition. ….. Desk warriors, please excuse.

 

[abhinav srivastava]

India should not accept these orders...all the current orders are mostly arms going through third party to Ukraine...this action will create negative impression on Russia towards India...

We should engrave name of the country where arms are exported. Also sign an agreement with them to ensure that arms are not exported to 3rd country and are used only for self defense.

 

[Apocalypse gupta]

Somebody more knowledgeable, please do comment on quality of ammunition. ….. Desk warriors, please excuse.

This equipment is going for export. So quality must be good. Otherwise countries wont buy it from us, as they have options.

 

[Apocalypse gupta]

The global market for ammunition will remain very elevated for next 10 years at least. We should ramp up production in all plants to meet this export demand, as well as our domestic demand which will rise significantly as well in coming 10 years.

Adani creatimg largest ammunition plant in UP is great step in this direction. Even haters will agree that Adani has great business sense. He never leaves an opportunity to make money.

 

[Kira]

India should not accept these orders...all the current orders are mostly arms going through third party to Ukraine...this action will create negative impression on Russia towards India...

That is not India's problem,and not all shells are redirected towards Ukraine either,in most cases these shells will simply be used to stock that particular countries artillery ammo.
As a neutral nation,it is Indian responsibility to not send any lethal items to any warring sides,but it's NOT Indian responsibility to ensure that a third party does not send them onward to Ukraine or Russia itself.

 

[ASHOK CARROL]

These 155 mm factories were set after kargil war with help of Israeli and American arms manufacturer Zimmerman a world leader in artillery ammunition manufacturing . A ordnanance factory board chairman was caught by CBI accepting ghoos from Israelis and the project was delayed for over 15 years till Jewish American company was called in . Initially a few types of rounds were manufactured but it is heartening to see full range of 155mm AMMUNITION BEING PRODUCED and exported to gulf , European countries . The next step is to diversify into three or more manufacturing plants in east , west , south to manufacture over a million rounds a year to cater for a two front war and have war expansion plans to increase production to 10 times over ten million rounds a year . The Ukrainian army is firing over 250000 rounds of 155 mm various types per month on a frontage of over 1400 kms whilst the Indian army will require rounds to fire over 7600 kms of borders of two fronts . This factory has the latest 5th and 7 th generation CNC machines where tolerances are minute within specifications and robotically filled with no human involvement resulting in required quality of ammunition being produced and sent to depots and units . No accidents or quality control issues have been reported and this plant is a big boon for the aatim nirbhar plans of Indian field artillery modernization plans 2012-2027

 

[Aayush Pratap]

Hope we're adequately stocked ourselves. We should have a minimum of 4-5 million shells in reserve. Arty still remains the God Of War.

 

[desigandu]

Great, India has the potential to export $10+Billion per year by 2035 ($5+B/year by 2026-2028), by focussing on things that are needed in large quantities like munitions, ammunitions, military vehicles, armoured vehicles, howitzers, offshore patrol vessels, missile ships, corvettes and cutters, guns and soldiers equipment, radars, missiles, light helicopters, drones etc...in time as we get bigger, better in fighters, transports, frigates, destroyers, submarines and other high value items, they can be added to the kitty...We must be careful with TOT and manufacturing abroad (as scale domestically is better)...This will not only help with military-industrial capacity, but also fuel profits into R&D, and of course benefit India's geopolitical standing, especially in Africa, ASEAN, ME and Latin America.