Nibe demonstrates Garudastra mortar system to Indian Army
NIBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nibe Limited demonstrated its Garudastra 120mm vehicle-mounted mortar and bomb system to the Indian Army at Infantry School, Mhow on June 17, 2026. The demo was held on a No Cost No Commitment basis under technical collaboration with a foreign OEM. Showcased capabilities include shoot-and-scoot in under 30 seconds, 12 rounds in 60 seconds by a two-man crew, Multiple Rounds Simultaneous Impact, and a precision-guided munition using GPS and laser that hit a 3m by 3m target. No orders confirmed yet.
Positive sentiment as product is showcased to a key potential buyer, but no order is confirmed so revenue impact remains uncertain.