Nibe Limited Secures Technology Transfer License from DRDO for Modular Bridging System

NIBE Limited ("The Company"), has entered into a Licensing Agreement with Research & Development Establishment (Engrs.) (R&DE(E)), Pune, Defence Research and Development Organisation (DRDO), India, Ministry of Defence, Government of India for Transfer of Technology of "Modular Bridging System" of various lengths from 14m to 46m. This significant milestone reinforces Nibe's commitment to the Government of India's "Make in India" and "Atmanirbhar Bharat" initiatives in the defence sector.

The "Modular Bridging System" is a state-of-the-art, mechanically launched mobile bridge, developed by DRDO. It is a complex, multi-disciplinary engineering solution capable of rapidly deploying bridge up to spans of 46m to enable the crossing of tracked and wheeled vehicles. The system is specifically designed to address the dynamic requirements of the Indian Armed Forces and other Government agencies.

Under the terms of the technology transfer, Nibe Limited is licensed to manufacture this critical system in India and sell it within specified Licensing Regions for a period of 10 years. This includes exclusive rights to supply the system to the Indian Armed Forces and other Government agencies.

Nibe Limited is fully committed to upholding the highest standards of quality, precision, and compliance in the manufacture of the Modular Bridging System, ensuring timely and efficient support to national security infrastructure.

Shares of NIBE Ltd was last trading in BSE at Rs. 1678.40 as compared to the previous close of Rs. 1675.85. The total number of shares traded during the day was 12156 in over 1040 trades.

The stock hit an intraday high of Rs. 1724.95 and intraday low of 1668.90. The net turnover during the day was Rs. 20588812.00.

Source : Equity Bulls

Keywords

NIBE INE149O01018 TechnologyTransferLicense DRDO ModularBridgingSystem