Nibe Limited has entered into a major supply contract with the Indian Army, under the Ministry of Defence, for the manufacturing and supply of ground equipment, accessories, ESP, and ammunition for a Universal Rocket Launcher System capable of integrating multiple rocket types, including long-range rockets of 150 km and 300 km.
The contract, valued at ₹292.69 crore (inclusive of all taxes and duties), has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed stock exchanges on Monday.
Contract Scope and Strategic Significance
As per the disclosure, the supply agreement covers:
- Manufacturing and supply of ground equipment and accessories
- ESP and ammunition for a universal launcher platform
- Integration capability for multi-type rockets, including extended-range systems up to 300 km
The Universal Rocket Launcher System is designed to enhance the Indian Army’s long-range strike capability, flexibility, and operational responsiveness across diverse terrains and mission profiles.
Boost to Atmanirbhar Bharat
The contract underscores the growing role of the Indian private sector in defence manufacturing and aligns with the government’s Atmanirbhar Bharat initiative to strengthen indigenous capabilities in advanced weapon systems and long-range firepower.
For Nibe Limited, the order marks a significant milestone, reinforcing its position in the defence production ecosystem and contributing to the Indian Army’s ongoing modernisation and indigenisation drive.
