Other7 Jun 2025, 02:21 pm
NIBE Ltd Enters Licensing Agreement with DRDO for Transfer of Technology worth 3.76 crores
AI Summary
NIBE Ltd has entered into a Licensing Agreement with Research & Development Establishment (Engrs.) (R&DE(E)), Pune, Defence Research and Development Organisation (DRDO), India, Ministry of Defence, Government of India for Transfer of Technology of Modular Bridging System of various lengths from 14m to 46m. The agreement is worth 3.76 crores and NIBE will utilize the technology for a period of 10 years to manufacture Modular Bridging System in India for the use of Indian Armed Forces/other Government Agencies. The product, a mechanically launched mobile bridging system, is designed to support crossing over of tracked and wheeled vehicles.
Key Highlights
- NIBE Ltd has entered into a Licensing Agreement with DRDO for Technology Transfer of Modular Bridging System.
- The agreement is worth 3.76 crores and NIBE will utilize the technology for a period of 10 years.
- The product, a mechanically launched mobile bridging system, is designed to support crossing over of tracked and wheeled vehicles.
- The technology transfer will help NIBE in manufacturing the system in India for the use of Indian Armed Forces/other Government Agencies.
- The agreement is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.