Deals2 Jan 2026, 05:01 pm
NIBE Ltd Secures Rs. 292.69 Cr Supply Contract with Indian Army
AI Summary
NIBE Ltd has entered into a supply contract with the Indian Army, Ministry of Defence, Government of India for a total consideration of Rs. 292.69 Cr. The contract involves manufacturing and supply of Ground Equipment, Accessories, ESP and Ammunition for Universal Rocket Launcher System capable of integrating multiple rocket types including rockets striking at long ranges of 150Km and 300Km.
Key Highlights
- Contract value is Rs. 292.69 Cr inclusive of all taxes and duties.
- The contract involves manufacturing and supply of Ground Equipment, Accessories, ESP and Ammunition for Universal Rocket Launcher System.
- The system is capable of integrating multiple rocket types including rockets striking at long ranges of 150Km and 300Km.
- The order will be executed and delivered in tranches within 12 months.
- NIBE Ltd will furnish Performance cum Warranty Bank Guarantee equal to 10% of the Total Contract Price within 30 days of signing of Contract.