Announced Sat, 6 Jun, 2026 · 14:47 IST
NIBE subsidiary gets DPIIT license to manufacture firearms
NIBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.5%1-day move
₹1596.90
prior close
₹1580.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.4+1.8+2.3+2.7-3.5-6.4-9.9-1.1+3.3+2.3+4.6-6.7-12.1-16.8
Up moveDown movePending
AI summary
NIBE Limited's subsidiary Nibe Defence and Aerospace Limited received a lifetime license from DPIIT (under the Arms Act and Arms Rules) to manufacture and proof-test firearms and ammunition of caliber above 12.7 mm. The license expands the group's capabilities across the defence manufacturing value chain. No financial figures or order value disclosed.
Likely market impact
Adds defence firearms production capability to subsidiary, opens potential new revenue stream in the defence sector.