Nibe Ltd receives Rs. 150.62 crore order for supply of Universal Rocket Launcher

NIBE Limited ("The Company"), a pioneering Indian manufacturer of critical defence systems, is pleased to announce the receipt of a significant export Purchase Order valued at USD 17.52 million (approximately INR 150.62 crores) from a globally renowned leading technology based company in Israel.

The order involves the manufacturing and supply of Universal Rocket Launchers with a range capability of up to 300 km a highly advanced technology being produced in India for the first time for the global market.

This is a landmark achievement for NIBE Limited and a proud milestone for India's defence manufacturing sector. With this contract, we reaffirm our commitment to Honourable Prime Minister's vision of Atmanirbhar Bharat and Make in India, bringing world-class defence technology to Indian soil.

The Universal Rocket Launcher is among the most advanced in its class and is designed to outperform currently available global alternatives. This order not only marks a major step forward in NIBE Limited's international expansion but also strengthens India's strategic position in the field of modern warfare systems.

By collaborating with international defence leaders, NIBE Limited continues to develop high-impact, indigenous solutions for both the Indian Armed Forces and international clients, aligning with national priorities and advancing global defence innovation.

Shares of NIBE Ltd was last trading in BSE at Rs. 1525.60 as compared to the previous close of Rs. 1517.95. The total number of shares traded during the day was 23044 in over 2263 trades.

The stock hit an intraday high of Rs. 1550.00 and intraday low of 1474.45. The net turnover during the day was Rs. 34838340.00.

Source : Equity Bulls

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