Nibe Limited has secured a significant supply contract with the Indian Army, operating under the Ministry of Defence, aimed at the manufacturing and provision of ground equipment, accessories, explosive safety products (ESP), and ammunition for a Universal Rocket Launcher System. This versatile system is designed to support multiple rocket types, including advanced long-range rockets with capabilities of 150 km and 300 km.
The value of the contract amounts to ₹292.69 crore, encompassing all applicable taxes and duties. This information was disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was shared with stock exchanges on Monday.
The contract encompasses a comprehensive scope that includes:
– The manufacturing and supply of essential ground equipment and accessories.
– Provision of explosive safety products and ammunition tailored for the universal launcher platform.
– Capability for integrating various rocket types, with extended-range systems reaching up to 300 km.
This state-of-the-art Universal Rocket Launcher System is expected to bolster the Indian Army’s long-range strike capabilities, enhancing operational flexibility and responsiveness across various terrains and mission scenarios.
Furthermore, the contract reflects a pivotal shift towards empowering the Indian private sector in defence manufacturing, in line with the government’s Atmanirbhar Bharat initiative. This strategic move demonstrates a commitment to bolster indigenous production capabilities in advanced weapon systems and long-range firepower.
For Nibe Limited, this contract represents a critical milestone in its operations, solidifying its role within the defence production ecosystem and contributing significantly to the Indian Army’s ongoing commitment to modernisation and indigenisation. The deal not only strengthens the company’s position in the sector but also signifies a leap forward for the nation in terms of self-reliance in defence technologies.
