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Yantra India Limited (YIL), a major Indian state-owned defence production company, is experiencing a surge in demand for its 155mm artillery shells. This positive development is driven by a growing export market, propelling YIL towards significant production growth.

YIL has strategically scaled up its production of 155mm shells to cater to the rising demands of international buyers. This shift comes in stark contrast to the past, where YIL typically received yearly domestic indents for a considerably lesser quantity (around 50,000 to 60,000 shells).

The export boom has resulted in a full order book for 155mm shells extending until 2026-27. This robust demand is expected to translate into a substantial revenue increase for YIL, with projections reaching ?3900 crore for the current fiscal year.

YIL’s export success follows the path paved by Munitions India Limited (MIL), another Indian defence PSU. In February 2024, MIL secured the largest export order in its history – a $225 million contract for 155mm artillery shells with Saudi Arabia.

This surge in export demand for Indian-made 155mm shells signifies a positive development for the country’s defence industry. It demonstrates India’s growing capability to produce high-quality defence equipment that meets international standards.

The increased production not only boosts YIL’s revenue but also creates opportunities for job creation and technological advancements within the Indian defence sector.  Furthermore, successful exports can enhance India’s reputation as a reliable supplier of defence equipment.

YIL’s export-driven production growth signifies a promising future for India’s defence exports.  The company’s ability to capitalize on this global demand will be crucial in further strengthening India’s position in the international arms market.

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