The company was incorporated as a wholly-owned Government of India Company under the Companies Act 2013 and began operations on October 1, 2021. With five production units and three institutes of learning, AVNL is well-equipped to meet the demands of India's Armed Forces and Paramilitary Forces for armoured fighting tracked vehicles, military logistic vehicles, and mine-protected vehicles.
Order Book & Growth Plan
AVNL's order book position as on April 1, 2023 shows an impressive total order value of ₹33,000 Cr. approx. The order book for FY 2023-24 alone is ₹10.130 Cr, indicating the company's strong performance in securing new orders. In addition, the revenue from operations for the FY 2022-23 has been ₹4,912 Cr. In upcoming years, AVNL plans to achieve a value of ₹5,648 Cr in FY 2023-24, which will increase to ₹8,294 Cr in FY 2026-27.
R&D and Innovation
With dedicated R&D centres at all AVNL units, some of the major ongoing projects are:
• Futuristic Infantry Combat Vehicle (FICV)
• Wheeled Armoured Fighting Vehicle
• Light Tank
• Future Ready Combat Vehicle (FRCV)
• Uprating of T-72 Tanks with 1000 HP engine
• Hybrid Tracked Armoured Vehicle
• Modernised Mine-Protected Vehicle (MMPV) 6X6
AVNL has successfully designed, developed, and made ready for induction into the Indian Armed Forces and paramilitary forces a modernised mine-protected vehicle (MMPV) 6X6. This development marks a significant achievement for AVNL in providing advanced, high-quality vehicles to the country's security forces.
Excellence in Quality
AVNL has implemented several quality parameters to ensure the production of high-quality defence equipment and vehicles, including:
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