PoliticsPhoto: Hindustan TimesCBI Probe Hits Munitions India Limited Over ₹500 Crore Ammo Deal
The CBI is investigating a ₹500 crore ammunition contract corruption case involving Munitions India Limited (MIL), a top-performing defence PSU. MIL executive director Anil Kumar, his brother B Harshavardhan, and SMPP Limited CEO Ashish Kansal were arrested. The defence production department is monitoring the case closely, and MIL is expected to undergo a clean-up and accountability push. MIL reported a ₹1,250 crore profit after tax in 2025-26, highest among seven firms from the former Ordnance Factory Board.
Hindustan Times·


