Latest news with #UniversalRocketLauncher
India.com
3 days ago
- Business
- India.com
India to supply Israel with highly advanced weapon system in multi-million-dollar deal; weapon system is extremely..., the range...
New Delhi: India's defense relations with Israel are reaching a new height. Under the Make in India initiative, India is now set to supply weapons to Israel, making a significant leap in the field of defense exports. Leading Indian manufacturer NIBE Limited has secured an important export deal for a world-renowned, technology-based company in Israel. This deal, valued at 17.5 million US dollars, involves the manufacture and supply of universal rocket launchers with a range capability of up to 300 kilometers. This highly advanced technology produced in India is ready for the global market for the first time. India Israel friendship This deal indicates that the cooperation between India and Israel is progressing rapidly. While providing information about securing export orders, the company stated, 'This is a historic achievement for NIBE Limited and a proud milestone for India's defense manufacturing sector. With this contract, we reaffirm our commitment to the Prime Minister's vision of 'Self-Reliant India' and 'Make in India', which will bring world-class defense technology to Indian soil.' What is Universal Rocket Launcher? The Universal Rocket Launcher is one of the most advanced in its category and is designed to perform better than the global options available today. This order is not only a significant step in NIBE Limited's international expansion, but also strengthens India's strategic position in the field of modern warfare systems. NIBE Limited is a leading Indian defense technology company, engaged in the development, manufacturing, and integration of sophisticated defense systems. With an emphasis on innovation, self-reliance, and global collaboration, the company plays a crucial role in enhancing India's defense preparedness and export capabilities.
Mint
25-05-2025
- Business
- Mint
15,000% in 5 years! Small-cap multibagger defence stock in focus after ₹150 crore order book update
Small-cap multibagger stock: Nibe Limited, an aerospace and defence equipment maker, on Saturday, 24 May 2025, announced that the company received a ₹ 150.62 crore ($17.52 million) export order from an Israel-based company. 'NIBE Limited is pleased to announce the receipt of a significant export Purchase Order valued at $17.52 million (approximately ₹ 150.62 crores) from a globally renowned leading technology-based company in Israel,' said the company in the BSE filing. As per the filing data, the company will manufacture and supply Universal Rocket Launchers, which are capable of reaching up to 300 kilometres and export to the global market. 'The Universal Rocket Launcher is among the most advanced in its class and is designed to outperform currently available global alternatives. This order not only marks a major step forward in NIBE Limited's international expansion but also strengthens India's strategic position in the field of modern warfare systems,' said the company in the BSE filing. The company also claimed that the manufacturing of the high-tech 'Universal Rocket Launcher' will be the first time it will be produced in India for the global market. Nibe shares closed 0.50 per cent higher at ₹ 1,525.60 after Friday's market session, compared to ₹ 1,517.95 at the previous stock market close. The company announced the order book update on Saturday, 24 May 2025. The defence sector stock has given investors more than 15,300 per cent returns in the last five years and 1.96 per cent in the last one-year period. However, on a year-to-date (YTD) basis, the shares have lost 8.69 per cent in 2025. The stock is trading 7.7 per cent higher in the last one-month period. Nibe shares hit their 52-week high level at ₹ 2,245.40 on 7 August 2024, while the 52-week low levels were at ₹ 753.05 on 19 March 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 2,181.08 crore as of the stock market close on Friday, 23 May 2025. Read all stories by Anubhav Mukherjee
Mint
25-05-2025
- Business
- Mint
15,000% in 5 years! Small-cap multibagger defence stock in focus after ₹150 crore order book update
Small-cap multibagger stock: Nibe Limited, an aerospace and defence equipment maker, on Saturday, 24 May 2025, announced that the company received a ₹ 150.62 crore ($17.52 million) export order from an Israel-based company. 'NIBE Limited is pleased to announce the receipt of a significant export Purchase Order valued at $17.52 million (approximately ₹ 150.62 crores) from a globally renowned leading technology-based company in Israel,' said the company in the BSE filing. As per the filing data, the company will manufacture and supply Universal Rocket Launchers, which are capable of reaching up to 300 kilometres and export to the global market. 'The Universal Rocket Launcher is among the most advanced in its class and is designed to outperform currently available global alternatives. This order not only marks a major step forward in NIBE Limited's international expansion but also strengthens India's strategic position in the field of modern warfare systems,' said the company in the BSE filing. The company also claimed that the manufacturing of the high-tech 'Universal Rocket Launcher' will be the first time it will be produced in India for the global market. Nibe shares closed 0.50 per cent higher at ₹ 1,525.60 after Friday's market session, compared to ₹ 1,517.95 at the previous stock market close. The company announced the order book update on Saturday, 24 May 2025. The defence sector stock has given investors more than 15,300 per cent returns in the last five years and 1.96 per cent in the last one-year period. However, on a year-to-date (YTD) basis, the shares have lost 8.69 per cent in 2025. The stock is trading 7.7 per cent higher in the last one-month period. Nibe shares hit their 52-week high level at ₹ 2,245.40 on 7 August 2024, while the 52-week low levels were at ₹ 753.05 on 19 March 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 2,181.08 crore as of the stock market close on Friday, 23 May 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
