Latest news with #ModularBridgingSystem
India Gazette
8 hours ago
- Automotive
- India Gazette
Nibe Limited receives technology transfer from DRDO for Modular bridging system
ANI 07 Jun 2025, 20:40 GMT+10 New Delhi [India], June 7 (ANI): Nibe Limited has received the Transfer of Technology (ToT) from the Defence Research and Development Organisation (DRDO) for the indigenous 'Modular Bridging System'. This milestone reinforces Nibe's commitment to the Government of India's 'Make in India' and 'Atmanirbhar Bharat' initiatives in the defence sector, Nibe Limited said in a release. The Modular Bridging System is a state-of-the-art, mechanically launched mobile bridge developed by DRDO. It is a complex, multi-disciplinary engineering solution capable of rapidly deploying a bridge up to spans of 46 m to enable the crossing of tracked and wheeled vehicles. The system is specifically designed to address the dynamic requirements of the Indian Armed Forces and other Government agencies, both Central and State. Under the terms of the technology transfer, Nibe Limited is licensed to manufacture this critical system in India and sell it within specified Licensing Regions for 10 years. This includes exclusive rights to supply the system to the Indian Armed Forces and other Central and State Government agencies. Nibe Limited is fully committed to upholding the highest standards of quality, precision, and compliance in the manufacture of the Modular Bridging System, ensuring timely and efficient support to national security infrastructure. (ANI)
Business Standard
13 hours ago
- Business
- Business Standard
NIBE signs licensing pact with DRDO for modular bridging systems
NIBE announced that it has entered into a licensing agreement with the Defence Research and Development Organisation (DRDO), Research & Development Establishment (Engineers), Pune. The agreement covers the transfer of technology (ToT) to manufacture modular bridging systems ranging from 14 to 46 meters in length. Under the pact, NIBE will pay a total consideration of Rs 3.76 crore in tranches for the technology transfer. The company is licensed to use DRDOs technology for 10 years to manufacture Modular Bridging Systems in India, targeting the Indian Armed Forces and other central and state government agencies. DRDO will provide full technical know-how and testing methodologies. The Modular Bridging System is a complex, mechanically launched mobile solution designed for rapid deployment, enabling tracked and wheeled vehicles to cross obstacles efficiently. NIBE plans to launch the product within 24 months. NIBE trades in electronic components and fabrication materials and provides technical consultancy. It also provides services for the design, supply, erection, testing, and commissioning of low- and medium-voltage lines and substations on a turnkey basis. The company's consolidated net profit declined 30% to Rs 7.64 crore on a 25.8% drop in total income to Rs 113.64 crore in Q4 FY25 over Q4 FY24. Shares of NIBE rose 0.03% to close at Rs 1,675.85 on Friday, 6 June 2025.
