Defence engineering firm Nibe Limited has announced an international order win worth ₹150.6 crore from a leading Israel-based original equipment manufacturer (OEM).
In a regulatory filing, the Pune-headquartered company confirmed the receipt of a purchase order for the manufacturing and supply of Universal Rocket Launchers with a range of up to 300 kilometres. The contract is expected to be executed by or before November 2027.
The company did not disclose the identity of the client, citing confidentiality. Nibe Limited operates out of MIDC Industrial Area in Chakan, Pune, and has been steadily expanding its manufacturing capabilities in defence and aerospace systems.
The shares of the company ended 0.84% in the green in the session on Friday, May 23. The stock has fallen close to 4% in 2025 so far.
Also Read: JK Cement Q4 net profit up 77%, revenue increases to ₹3,343 crore
In a regulatory filing, the Pune-headquartered company confirmed the receipt of a purchase order for the manufacturing and supply of Universal Rocket Launchers with a range of up to 300 kilometres. The contract is expected to be executed by or before November 2027.
The company did not disclose the identity of the client, citing confidentiality. Nibe Limited operates out of MIDC Industrial Area in Chakan, Pune, and has been steadily expanding its manufacturing capabilities in defence and aerospace systems.
The shares of the company ended 0.84% in the green in the session on Friday, May 23. The stock has fallen close to 4% in 2025 so far.
Also Read: JK Cement Q4 net profit up 77%, revenue increases to ₹3,343 crore
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