Nibe secures Rs 6.12 crore defence order from Israel's Elbit Systems Land
Nibe Limited has announced the receipt of a significant international order from Elbit Systems Land Ltd, a renowned Israel-based defence technology company. Under the terms of the agreement, Nibe will manufacture and supply parts for the GATR 70mm Guided Rocket (10km range), with the total contract valued at USD 700,000, approximately ₹6.12 crore.
The order, which falls under the purview of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is scheduled for completion by September 2026. This marks a key milestone for Nibe Limited in the global defence manufacturing sector and highlights its growing presence in international markets.
This development reflects Nibe's increasing capabilities in high-precision manufacturing for defence applications and opens new avenues for future international collaborations. The company continues to focus on delivering high-quality components aligned with global defence standards.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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