Announcement regarding Nibe Group Inaugurates Advance Shirdi Defence Manufacturing Complex in presence of Raksha Mantri and Chief Minister of Maharashtra
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NIBE Group has inaugurated a new state-of-the-art Defence Manufacturing Complex in Shirdi, Maharashtra. The complex was inaugurated in the presence of Defence Minister Rajnath Singh and Maharashtra CM Devendra Fadnavis. The facility includes a 155mm ammunition plant (5 lakh shells annually), indigenous TNT and RDX plants, a bio-CNG and hydrogen fuel plant, and space technologies. The company also flagged off 'Suryastra', India's first indigenous 300 KM Universal Rocket Launching System, and showcased successful trials of the 100 KM loitering munition 'Skystriker'. The complex is expected to generate over 3,000 direct employment opportunities.
This inauguration marks a major capacity expansion for NIBE Group in India's growing defence manufacturing sector aligned with 'Make in India' and Aatmanirbhar Bharat initiatives. The presence of top government dignitaries signals strong institutional support and potential order flow, which could positively impact the company's revenue prospects and market positioning.