Nibe Ltd shares surged 4% on Tuesday after the company signed a Licensing Agreement with DRDO’s Research & Development Establishment (Engineers), Pune. The agreement grants Nibe exclusive manufacturing and sales rights for the cutting-edge “Modular Bridging System” developed by DRDO. As of 9:18 AM, the shares were trading 6.21% higher at Rs 1,786.20.
The state-of-the-art system is designed for rapid deployment of mobile bridges ranging from 14 to 46 meters, capable of supporting tracked and wheeled military vehicles. This technology plays a critical role in enabling fast and secure mobility for the Indian Armed Forces in challenging terrains.
As part of the deal, Nibe has been granted a 10-year license to manufacture and supply the Modular Bridging System within specified licensing regions. The company will have exclusive rights to supply the product to the Indian Armed Forces and other government agencies.
This development aligns with the Government of India’s “Make in India” and “Atmanirbhar Bharat” initiatives, highlighting Nibe’s growing role in the defence manufacturing space. The company reaffirmed its commitment to high standards of quality and precision to support national security infrastructure.
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