
Business Update6 Jun 2026, 03:00 pm
Nibe Defence Gets Firearms Manufacturing License
AI Summary
Nibe Defence and Aerospace Limited, a subsidiary of Nibe Limited, has received a lifetime license from the Department for Promotion of Industry and Internal Trade (DPIIT) for the manufacturing and proof testing of firearms and ammunition. This license, granted under the Arms Act, 1959, and associated rules, significantly expands the company's capabilities within the defense manufacturing sector, particularly for Arms of Caliber above 12.7 MM. The approval reinforces Nibe Limited's commitment to developing advanced technologies and precision-engineered systems in the defense domain.
Key Highlights
- Subsidiary Nibe Defence receives firearms manufacturing license.
- License granted by DPIIT, Government of India.
- License is valid for a lifetime.
- Expands company's defense manufacturing capabilities.
- Focus on precision-engineered systems for large caliber arms.
Price Impact
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