Nibe shares jump 4% after securing Technology Transfer License from DRDO
By Aman Shukla Published on June 10, 2025, 09:18 IST
Nibe Ltd shares surged 4% on Tuesday after the company signed a Licensing Agreement with DRDO's Research & Development Establishment (Engineers), Pune. The agreement grants Nibe exclusive manufacturing and sales rights for the cutting-edge 'Modular Bridging System' developed by DRDO. As of 9:18 AM, the shares were trading 6.21% higher at Rs 1,786.20.
The state-of-the-art system is designed for rapid deployment of mobile bridges ranging from 14 to 46 meters, capable of supporting tracked and wheeled military vehicles. This technology plays a critical role in enabling fast and secure mobility for the Indian Armed Forces in challenging terrains.
As part of the deal, Nibe has been granted a 10-year license to manufacture and supply the Modular Bridging System within specified licensing regions. The company will have exclusive rights to supply the product to the Indian Armed Forces and other government agencies.
This development aligns with the Government of India's 'Make in India' and 'Atmanirbhar Bharat' initiatives, highlighting Nibe's growing role in the defence manufacturing space. The company reaffirmed its commitment to high standards of quality and precision to support national security infrastructure.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
10 hours ago
- Business Upturn
Texmaco Rail & Engineering bags Rs 44 crore order from MRVC for traction-transformer works
By Aditya Bhagchandani Published on June 10, 2025, 17:34 IST Texmaco Rail & Engineering has informed the exchanges that it has won a contract worth Rs 44.04 crore from Mumbai Railway Vikas Corporation (MRVC) to supply, construct, install, test and commission traction transformers, sectioning posts (SPs) and related works for the third and fourth lines of Central Railway. In its disclosure, the company said the project involves setting up a 1×25 kV, 110/25 kV traction sub-station with 40/56 MVA AC traction transformers and two sectioning posts, together with all associated civil and electrical works. The work is entirely domestic, carries no related-party element, and must be completed within 18 months. Texmaco Rail & Engineering added that neither its promoter group nor any of its group companies holds an interest in MRVC. The order, awarded via a letter dated 9 June 2025, will be executed under the terms laid out in SEBI's November 2024 disclosure framework. This contract further strengthens the company's railway-electrification portfolio at a time when Indian Railways continues to expand high-capacity suburban corridors. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock-market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
10 hours ago
- Business Upturn
AGI Infra board approves construction contract worth over Rs 16 crore for Jalandhar Heights-IV project
By Aman Shukla Published on June 10, 2025, 17:05 IST AGI Infra Limited has announced that its Board of Directors, in a meeting held on Tuesday, June 10, 2025, approved a significant construction contract with M/s AGI Construction Private Limited. The agreement pertains to the development of a group housing project under the name 'Jalandhar Heights-IV.' The contract, valued at ₹16,09,67,050 (excluding GST), is for the construction of two residential towers with a total built-up area of approximately 1,89,373 sq. ft. The project is set to be executed up to the structural level and is expected to be completed within three years from the contract execution date. This contract marks a key milestone in AGI Infra's ongoing expansion in the real estate sector, particularly in the Punjab region. The engagement with M/s AGI Construction Private Limited, a domestic entity, reinforces the company's commitment to local partnerships and quality-driven development. The board meeting commenced at 3:30 PM and concluded at 4:30 PM at the company's registered office located in Urbana, Jalandhar Heights-II. 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
Business Upturn
12 hours ago
- Business Upturn
Nifty 50 top gainers today, June 10: Grasim Industries, Tech Mahindra, Dr. Reddy's Laboratories, Tata Motors and more
By Aman Shukla Published on June 10, 2025, 15:39 IST The Indian stock market witnessed a mixed trading session on June 10, with benchmark indices closing nearly flat amid volatility. At close, the Sensex was down 53.49 points or 0.06 percent at 82,391.72, and the Nifty was up 1.05 points at 25,104.25. Despite the subdued broader market, several Nifty 50 stocks posted strong gains, led by Grasim Industries, Tech Mahindra and Dr. Reddy's Laboratories. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on June 10 Grasim Industries rose 3.7% to close at ₹2,704 . Tech Mahindra gained 2.1% , ending at ₹1,612.90 . Dr. Reddy's Laboratories climbed 2.1% , closing at ₹1,346.80 . Tata Motors advanced 2% , settling at ₹732.30 . Infosys increased by 1.5% , finishing at ₹1,596 . Adani Enterprises moved up 1.4% to ₹2,618 . HCL Technologies and Wipro both rose 1.4% , closing at ₹1,670.70 and ₹254.70 , respectively. Bharat Electronics edged up 1.3% to ₹397.40 . Tata Consultancy Services (TCS) saw a 1.2% gain, ending at ₹3,462.90. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. 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
