NIBE Successfully Tests SURYASTRA Rocket System

NIBE Limited has announced the successful test-firing of its SURYASTRA Universal Rocket Launcher System, marking a significant milestone in the company's defence manufacturing capabilities. The trials were conducted at the Integrated Test Range (ITR) in Chandipur, Odisha, on May 18 and May 19, 2026.

SURYASTRA Universal Rocket Launcher System Test-Firing

The successful test-firing represents a key achievement for NIBE Limited in the defence sector. The company had received a purchase order in January 2026 under the Emergency Procurement of the Indian Army for the supply of the SURYASTRA Universal Rocket Launcher and rockets of 150 km and 300 km range. The completion of this test underscores the company's progress in developing and validating advanced defence systems.

Parameter	Details
Company	NIBE Limited
Development	Successful Test-Firing
System	SURYASTRA Universal Rocket Launcher System
Location	ITR, Chandipur, Odisha
150 km Range Precision	CEP of 1.5 meters
300 km Range Precision	CEP of 2 meters

The trials have validated SURYASTRA’s long-range precision strike capability. The rockets achieved exceptional precision across all ranges, with a Circular Error Probable (CEP) of 1.5 meters for the 150 km range and 2 meters for the 300 km range. This accomplishment highlights NIBE Limited's focus on indigenous defence technology and its efforts to strengthen its position within India's growing defence manufacturing ecosystem.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+12.41%	+45.33%	+36.54%	+32.44%	-8.79%	-8.94%

NIBE 's subsidiary, NIBE Space Private Limited, has received a letter of award amounting to ₹12.58 crore (inclusive of all taxes and duties) from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL), a Government of Maharashtra undertaking. The contract pertains to GIS-based survey, mapping, and digital data preparation of MSEDCL's electrical distribution network, underscoring NIBE Space's capabilities in geospatial and utility infrastructure services. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The following table summarises the key parameters of the order secured by NIBE Space:

Parameter:	Details
Subsidiary:	NIBE Space Private Limited
Client:	MSEDCL (Maharashtra State Electricity Distribution Co. Ltd), Government of Maharashtra undertaking
Order Value:	₹12.58 crore (inclusive of all taxes and duties)
Scope of Work:	GIS-based survey, mapping, and digital data preparation of MSEDCL's electrical distribution network
Coverage:	33 KV substations to end consumer service points, including overhead and underground infrastructure
Execution Timeline:	To be delivered in tranches within 42 months
Nature of Order:	Domestic
Related Party Transaction:	No
Promoter Interest in Client:	No

Scope and Significance

The project involves comprehensive digitisation of MSEDCL's electrical distribution network, covering the entire span from 33 KV substations to end consumer service points. The scope encompasses both overhead and underground infrastructure, making it a wide-ranging geospatial documentation exercise. The order is to be executed and delivered in tranches within 42 months, reflecting the scale and complexity of the assignment.

MSEDCL is one of the largest power distribution utilities in India, serving a significant portion of Maharashtra's electricity consumers. Such GIS-based mapping assignments are critical for electricity distribution companies seeking to digitise and accurately document their infrastructure assets, supporting improved operational efficiency, asset management, and network planning. NIBE Space's selection for this project reflects its positioning in the geospatial services and utility network mapping domain.