NIBE Limited has informed the Exchange regarding a press release dated Jun 09, 2025, titled "Press Release".
NIBE · price
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NIBE Limited has signed a 10-year licensing agreement with DRDO's Research & Development Establishment (Engineers), Pune, to manufacture and sell the Modular Bridging System in India. The system is a mechanically launched mobile bridge capable of spanning 14m to 46m, designed for rapid deployment to help tracked and wheeled vehicles cross obstacles. Under the deal, NIBE gets exclusive rights to supply the system to the Indian Armed Forces and other government agencies. The company described this as a significant milestone that supports the government's 'Make in India' and 'Atmanirbhar Bharat' defence initiatives.
This is a strong positive development for shareholders — NIBE now has a 10-year exclusive licence to produce and sell a critical defence product to the Indian Armed Forces, which could open up a meaningful new revenue stream. Defence contracts of this nature tend to support long-term order book visibility and may improve investor confidence in the stock.