Defence engineering firm Nibe Limited has secured a ₹150.6 crore international defence contract from a leading Israel-based original equipment manufacturer (OEM). The Pune-headquartered company confirmed the purchase order for the manufacturing and supply of Universal Rocket Launchers, designed with a range of up to 300 kilometres.
Strategic Expansion in Defence Manufacturing
Nibe Limited has been steadily expanding its defence and aerospace manufacturing capabilities, operating out of MIDC Industrial Area in Chakan, Pune. The latest contract is expected to be executed by or before November 2027, reinforcing the company’s commitment to advanced defence solutions.
Confidential Client and Market Impact
While the identity of the Israel-based OEM remains undisclosed due to confidentiality agreements, the deal marks a significant milestone for Nibe Limited in the global defence sector. The company’s stock saw a 0.84% increase following the announcement, though it has experienced a 4% decline in 2025 so far.
Future Prospects in Defence Technology
With this latest order, Nibe Limited continues to strengthen its position in international defence markets, focusing on high-precision weapon systems and aerospace solutions. The company’s expertise in rocket launcher technology is expected to drive further growth and innovation in India’s defence sector.
