NIBE Limited Lands Key Defense Contract with Elbit Systems

For those keeping an eye on India’s burgeoning defense manufacturing sector, NIBE Limited (NIBE) has just dropped some significant news that’s sure to grab attention. The company has announced the receipt of a substantial purchase order, further solidifying its position in the global defense supply chain. 🚀

NIBE Limited has bagged an international order from none other than Elbit Systems Land Ltd, a leading global Israel-based defense technology company. This is a big deal, as it highlights NIBE’s growing capabilities and trust from international players.

So, what’s the order all about? NIBE will be responsible for the manufacturing and supply of GATR 70mm Guided Rocket (10km) parts. This is a specialized and critical component, showcasing the precision and advanced manufacturing expertise NIBE brings to the table.

Financially, the order is valued at USD 700,000, which translates to approximately INR 6.12 crores. This is a healthy addition to NIBE’s order book. The company expects to complete the execution of this order by September 2026.

This international collaboration not only brings in revenue but also enhances NIBE’s global footprint and reputation in the highly competitive defense industry. It’s a clear indicator of the “Make in India” initiative gaining traction on the world stage. Keep an eye on NIBE as it continues to expand its horizons! ✨

source: Corporate Announcement

Join our Telegram for instant updates!