NIBE Limited has informed the Exchange regarding a press release dated May 23, 2026, titled "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 Limited announced the inauguration of its state-of-the-art Defence Manufacturing Complex in Shirdi, Maharashtra. The event was attended by 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, and a bio-CNG and hydrogen fuel plant. Key highlights include the flag-off of "Suryastra", India's first indigenous 300 KM Universal Rocket Launching System, and successful trials of the 100 KM loitering munition "Skystriker". The complex is expected to create over 3,000 direct employment opportunities and positions India as a potential global defence manufacturing hub under the Make in India initiative.
This inauguration signals NIBE Group's entry into advanced indigenous defence manufacturing with government backing. While no specific government orders were announced, the Defence Minister's presence and praise for Make in India suggest potential future order flow. The facility's scale and capabilities could position the company for significant defence contracts going forward.