Deals14 Aug 2026, 08:25 pm
NIBE Ltd Secures ₹563.35 Cr Defence Contract
AI Summary
NIBE Ltd has announced a significant supply contract with the Indian Army, Ministry of Defence, Government of India. The contract is for the manufacturing and supply of thirty (30) Sets of Loiter Munition System, including three hundred (300) Loiter Munitions and associated testing equipment. The total consideration for this order is ₹563.35 crore, inclusive of all taxes and duties. The order falls under the 'Buy (Indian)' category, emphasizing domestic manufacturing. Execution and delivery of the order are scheduled to occur in tranches within 12 months from the release of advance payment post-contract signing. This contract represents a substantial business win for NIBE Ltd in the defence sector.
Key Highlights
- NIBE Ltd awarded ₹563.35 crore contract by Indian Army.
- Contract includes supply of Loiter Munition Systems and accessories.
- Order to be executed within 12 months in tranches.
- Falls under 'Buy (Indian)' category, boosting domestic production.
- Significant win for NIBE in the defence sector.
Price Impact
More from NIBE