Nibe Limited Secures Rs 292.69 Crore Defence Contract With Indian Army

Nibe Limited has announced a significant milestone with the signing of a supply contract agreement with the Indian Army, Ministry of Defence, Government of India. The contract involves manufacturing and supplying advanced ground equipment, accessories, ESP, and ammunition for the Universal Rocket Launcher System, capable of integrating multiple rocket types with ranges of 150 km and 300 km.

Key Highlights

• The total contract value is Rs 292.69 crore, inclusive of all taxes and duties.
• The order will be executed and delivered in tranches within 12 months.
• Nibe Limited will furnish a Performance cum Warranty Bank Guarantee equal to 10% of the total contract price.
• The Universal Rocket Launcher System is designed to integrate multiple rocket types, enhancing long-range strike capabilities.
• The contract was awarded by the Indian Army, Ministry of Defence, a domestic entity.
• No promoter or group company interest is involved, and the transaction does not fall under related party dealings.

Conclusion
This defence contract marks a major achievement for Nibe Limited, reinforcing its role in India’s defence manufacturing ecosystem. The deal not only strengthens the company’s portfolio but also contributes to India’s strategic defence capabilities.

Sources: Company Filing (BSE, NSE), Nibe Limited Official Disclosure