NIBE Limited has informed the Exchange about Bagging/Receiving of orders/contracts
NIBE · price
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Awaiting price reaction for this filing.
NIBE Limited has received a purchase order worth USD 1,200,000 (approximately INR 10.52 crores) from Elbit Systems Land Ltd, a leading Israel-based global defence technology company. The order is for manufacturing and supply of ship-mounted universal rocket launcher mechanical kits and hydraulic kits. It is an international order, to be executed by September 2026. There is no promoter or related-party interest in the awarding entity. This marks a notable export win in the defence segment from a globally reputed buyer.
Positive for shareholders — the order brings in hard-currency (USD) export revenue and validates NIBE's defence manufacturing capabilities with a top-tier international client. Execution over the next ~13 months should support order book and revenue visibility, though the size is modest relative to typical defence majors.