New Delhi. Ministry of Defence has appointed KPMG Advisory Services-led consortium for consultancy on the corporatisation of Ordnance Factory Board (OFB).

An Expression of Interest cum Request for Proposal (EOI cum RFP) for engaging a Consultancy Agency for providing strategic and implementation management consulting services to assist the Ministry of Defence in the process of corporatisation of the Ordnance Factory Board was issued by the Department of Defence Production on July 6 this year.

Consequent to evaluation of the Technical and Financial proposals of the bidders, the Department has selected M/s KPMG Advisory Services Pvt. Ltd. (Lead Consortium Member) with M/s Khaitan & Co. Ltd. as Consortium Member, as the Consultancy Agency for the said project.

The contract with the Consultancy Agency would be signed shortly and subsequently, the Consultancy Agency would commence its services as per the Terms and Conditions of the contract.