Nibe Limited, a defence engineering firm, announced on Friday, January 2, that it has secured a substantial order worth ₹292.69 crore from the Indian Army. This significant contract marks another milestone for the Pune-headquartered company in the defence sector.

Order Details and Specifications

The comprehensive order encompasses manufacturing and supplying critical components for a universal rocket launcher system. The contract includes:

The universal rocket launcher system is specifically designed to integrate multiple rocket types, including long-range variants with strike capabilities extending up to 150 km and 300 km. This versatility makes it a valuable addition to the Indian Army's artillery capabilities.

Contract Terms and Financial Obligations

As part of the contract requirements, Nibe Limited must fulfill specific financial guarantees to ensure project completion. The company will be required to furnish a performance-cum-warranty bank guarantee equal to 10% of the total contract value, including all applicable taxes and duties, within 30 days of signing the agreement.

The company has clarified that the promoter, promoter group, or group companies have no interest in the entity that awarded the contract, ensuring transparency in the procurement process.

Market Performance and Previous Orders

Following the announcement, Nibe Limited's shares demonstrated strong market performance. The stock closed at ₹1,247.00 per share on Friday, representing a significant 9.22% increase from the day's opening price on the NSE.

This latest order builds upon the company's growing presence in the defence sector. In May 2025, Nibe received another significant order from a leading Israeli OEM to manufacture and supply universal rocket launchers with a range of up to 300 km, highlighting the company's expanding international partnerships and technological capabilities in advanced defence systems.

NIBE Limited has announced securing a significant defense contract worth ₹292.69 crore from the Indian Army, Ministry of Defence, Government of India. The aerospace and defense company disclosed this major contract win through a regulatory filing under SEBI Regulation 30, marking a substantial business achievement for the small-cap firm.

Contract Specifications

The contract involves manufacturing and supply of Ground Equipment, Accessories, ESP and Ammunition for Universal Rocket Launcher System. The system is designed to integrate multiple rocket types, including rockets capable of striking targets at long ranges of 150km and 300km.

Delivery and Performance Terms

The order will be executed and delivered in tranches within 12 months from the contract signing. As part of the agreement terms, NIBE Limited must furnish a Performance cum Warranty Bank Guarantee equal to 10% of the total contract price within 30 days of contract signing.

Company Profile

NIBE Limited operates in the aerospace and defense sector with a market capitalization of ₹1,549.03 crores, positioning it in the small-cap category. The company specializes in defense manufacturing and has established itself as a capable supplier for India's defense requirements.

This contract represents a significant opportunity for NIBE Limited in India's expanding defense sector, demonstrating the company's technical capabilities in manufacturing advanced rocket launcher systems for the Indian Armed Forces.