Synopsis:
Nibe Ltd has signed a technical collaboration agreement with Elbit Systems for the development of an artillery rocket system with a range of up to 300 kilometers.
The company, engaged in the fabrication and machining of components used in the defence sector, is in focus after signing a technical collaboration agreement with Elbit Systems Land Ltd, an Israel-based company.
With a market capitalization of Rs.2,562 Crores,shares of Nibe Limited opened at Rs.1,698.95 per equity share, from its previous day’s closing price of Rs.1,661.05, and made an intra-day high of Rs.1797.00 (8 percent).
About The Collaboration
Nibe Limited has entered into a significant agreement with Elbit Systems Land Limited, a leading defence technology company from Israel, for the transfer of technology and license to manufacture advanced defence equipment in India.
Under this agreement, Nibe Limited will receive the technology and rights to design, develop, and manufacture the Precise and Universal Launch System (PULS), an artillery rocket system. This system is capable of accurately hitting targets at a distance of up to 300 kilometers.
This partnership will boost India’s defence capabilities through local manufacturing of high-tech military systems. Elbit Systems Land Ltd will provide the technical knowledge and support, while Nibe Ltd will take charge of production activities as per the agreement. The final financial terms of the deal will be confirmed within 45 days of signing the agreement.
About the company
NIBE Limited, founded in 2005 and headquartered in Pune, is an Indian defence technology company that specializes in precision fabrication, machining, and integration of critical defence components.
NIBE Limited is known for designing and delivering integrated defence solutions that support India’s strategic autonomy. Its offerings include advanced artillery systems, smart electronics, small arms and aerospace systems, all aimed at strengthening the nation’s self-reliance and technological capabilities.
Nibe Ltd operates through five main divisions: Defence Platforms and Systems, Defence Electronics, Small Arms, Aeronautics, and Space, covering a wide range of advanced defence and aerospace technologies.
The company has built a strong presence in the industry by working with well-known clients like BEL, Adani, DRDO, Cochin shipyard, HSL, Bharat Forge Ltd and others, which reflects its trusted reputation and solid client base.
The company’s revenue from operations surged from Rs.282 crores in FY24 reaching Rs.507 crores in FY25, reflecting strong business growth. Net profit also rose from Rs. 19 crores to Rs. 27 crores, indicating better cost management and profitability. These figures highlight an improvement in both revenue and overall financial performance.
Written by: Sudeep Kumbar
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