Nibe Limited Wins ₹292.69 Crore Contract to Supply Universal Rocket Launcher System to Indian Army
Nibe Limited has secured a significant contract with the Indian Army, under the Ministry of Defence, to produce and deliver ground equipment, accessories, ESP, and ammunition for a Universal Rocket Launcher System. This system is engineered to accommodate a variety of rocket types, including long-range variants with capabilities of reaching 150 km and 300 km.
The agreement, which is valued at ₹292.69 crore and includes all taxes and duties, was announced by the company in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This information was communicated to stock exchanges on Monday.
According to the details provided, this contract encompasses several key components:
| 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 set to bolster the Indian Army's long-range strike capabilities, offering greater flexibility and operational efficiency across a variety of terrains and mission requirements.
This contract highlights the increasing involvement of India's private sector in defense manufacturing and is in line with the government's Atmanirbhar Bharat initiative, which aims to enhance domestic production of advanced weapon systems and long-range artillery.
For Nibe Limited, this order signifies an important achievement, strengthening its role within the defense production sector and supporting the Indian Army's modernization and emphasis on indigenous production.
