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246-Year -Old Ordnance Factory Board Scrapped By Centre, 70,000 Employees Promised Retirement...

In a major corporatisation move by the Union Cabinet, the 246-years old Ordnance Factory Board (OFB) will cease to exist. The Kolkata-based OBF, established by the British in 1775, will split up into seven separate companies, each taking up a specific manufacturing role. Presently, 41 factories...