NIBE Limited has informed the Exchange regarding a press release dated July 28, 2025, titled "NIBE Limited Enters into Technology Collaboration Agreement with Elbit Systems".
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NIBE Limited has signed a technology collaboration agreement with Israeli defense major Elbit Systems Land Limited to manufacture and supply the Universal Rocket Launcher (SURYA) in India. The system can engage targets at ranges up to 300 km and is being produced in India for the first time. The SURYA features autonomous operation, automatic targeting, and modular Launch Pod Containers compatible with multiple rocket and missile types. The partnership opens both domestic (Indian Armed Forces) and international export markets for NIBE. The move aligns with the government's Atmanirbhar Bharat and Make in India defense manufacturing push.
This is a significant strategic milestone for NIBE, positioning it as a key player in advanced defense manufacturing and potentially opening major long-term revenue opportunities from both domestic defence orders and global exports. The stock may see positive sentiment, though actual revenue impact depends on order conversion and execution timelines.