The Central Bureau of Investigation arrested Munitions India Limited executive director Anil Kumar, his brother, and SMPP Limited CEO Ashish Kansal in a ₹500-crore ammunition graft case.
MIL posted a record revenue of ₹10,954 crore and a profit after tax of ₹1,250 crore in 2025-26, making it the top-performing defense PSU carved from the ordnance board.
Under procurement rules, private contractor SMPP Limited faces potential suspension or a business ban pending investigation by the Department of Defence Production.