Defence Stock engaged in the business of designing and manufacturing, critical components for Defence, E-Vehicles, and Software Development jumped 3 percent upon signing two licensing agreements with DRDO.
With a market capitalization of Rs. 1,970 Crores, the shares of Nibe Limited were trading at Rs. 1,500, up 3 percent from its previous day’s close price of Rs. 1,456.45 Crores.
Nibe Limited has entered into a Licensing Agreement with the Defence Institute of Physiology and Allied Services (DIPAS), a constituent laboratory under the Defence Research and Development Organization (DRDO) and Director Industry Interface and Technology Management (DIITM) for the transfer of technology of Solar Heated Shelters which DRDO has developed during its research activities.
As per the agreement, DRDO has granted a non-exclusive license for 10 years from the date of its execution to utilize the technology for the manufacture of Solar Heated Shelters in India and for sale in the licensing region, and in return, Nibe Limited will pay a royalty to DRDO.
In addition to this, it has entered into another Licensing Agreement with the Director, of Vehicles Research and Development Establishment (VRDE) a constituent laboratory under the Defence Research and Development Organization (DRDO) for the transfer(Licence) of technology of Expandable Mobile Shelters which DRDO has developed during its research activities.
As per the agreement, DRDO grants a non-exclusive license for 10 years from the date of its execution to utilize Expandable Mobile Shelters for manufacture in India for end use/ supply to Armed Forces, etc, and in return, Nibe Limited will pay a royalty to DRDO.
Nibe Limited is engaged in the business of designing, manufacturing, supplying, erecting, testing of critical components for Defence, E-Vehicles, and Software Development.
The company’s standalone revenue from operations grew 400 percent from Rs. 21 Crores in FY22 to Rs. 105 Crores in FY23, the company has just become profitable in 2023 by earning a profit of Rs. 5 Crores and it has a trailing twelve months profit of Rs. 8 Crores.
Written by: Bharath K.S
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