Nibe Limited has recently informed exchanges that the company secured a significant international order valued at USD 17.52 million (approximately INR 150.62 crore) for the manufacturing and supply of Universal Rocket Launchers. The order has been placed by a leading global OEM, an Israel-based defence technology company.
Under the terms of the agreement, Nibe Limited will be responsible for producing and delivering Universal Rocket Launchers capable of operating within a range of up to 300 kilometers. This international contract highlights Nibe Limited’s ongoing involvement in the global defence manufacturing sector and underscores its capabilities in delivering specialized military equipment.
The execution timeline for the order extends through November 2027, allowing for the complete fulfillment of manufacturing and supply obligations as specified in the contract.
In the meantime, on Friday, Nibe shares closed at ₹1,530.50, down from an opening of ₹1,549.50. The stock hit an intraday high of ₹1,550.70 and a low of ₹1,475.60. Despite the day’s dip, it remains well above its 52-week low of ₹761.50, though below the 52-week high of ₹1,720.00.
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