Acquisitions24 May 2025, 06:55 pm
NIBE Limited secures $17.52M Purchase Order for Export of Advanced Universal Rocket Launchers
AI Summary
NIBE Limited, a leading Indian manufacturer of critical defence systems, has announced the receipt of a significant export Purchase Order valued at USD 17.52 million (approximately INR 150.62 crores) from a globally renowned leading technology based company in Israel. The order involves the manufacturing and supply of Universal Rocket Launchers with a range capability of up to 300 km, a highly advanced technology being produced in India for the first time for the global market. This is a landmark achievement for NIBE Limited and a proud milestone for India’s defence manufacturing sector, aligning with national priorities and advancing global defence innovation.
Key Highlights
- NIBE Limited secures a $17.52M export Purchase Order for Universal Rocket Launchers from a leading Israeli technology company.
- The Universal Rocket Launcher is a highly advanced technology, being produced in India for the first time for the global market.
- This is a significant achievement for NIBE Limited and a proud milestone for India’s defence manufacturing sector.
- The order strengthens India’s strategic position in the field of modern warfare systems.
- NIBE Limited continues to develop high-impact, indigenous solutions for both the Indian Armed Forces and international clients.