NIBE Limited has informed the Exchange about Bagging/Receiving of orders/contracts
NIBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NIBE Limited has received a purchase order worth USD 7,00,000 (approximately INR 6.12 crores) from Elbit Systems Land Ltd, a leading Israel-based defence technology company. The order is for manufacturing and supply of GATR 70mm Guided Rocket (10km) parts, making it an international defence export contract. The order is to be executed by September 2026. The filing confirms there is no related party interest in the awarding entity, and the order is not a related party transaction.
This is a positive development as NIBE Limited secures a niche defence export order in hard currency (USD), strengthening its position in the global defence supply chain. While the order size (INR 6.12 crores) is modest, it validates the company's defence manufacturing capabilities and could open doors to larger follow-on orders from Elbit Systems and other international defence customers.