Latest news with #NIBELimited
Business Standard
a day ago
- Business
- Business Standard
NIBE surges after inking technology agreement with Israel-based Elbit Systems
NIBE jumped 7.87% to Rs 1791.80 after the company announced a strategic technology collaboration agreement with Elbit Systems, a globally renowned technology company from Israel. This partnership will enable the manufacturing and supply of the Universal Rocket Launcher (SURYA), a highly advanced defense system capable of engaging targets with precision over a range of up to 300 km. This technology transfer marks the first time that such a sophisticated system will be produced in India, paving the way for both domestic and international markets. "The universal rocket launcher is set to revolutionize modern warfare with its remarkable capabilities and performance, positioning NIBE Limited as a key player in the global defense sector, the company stated. Elbit Systems Land, a division of Elbit Systems, is a global leader in the design, development, and integration of advanced land-based defense solutions. The company specializes in a wide range of platforms and technologies, including armored vehicles, artillery systems, unmanned ground vehicles, and combat vehicle modernization. NIBE is a leading Indian defense technology company, specializing in the development, manufacturing, and integration of advanced defense systems. The company's consolidated net profit declined 30% to Rs 7.64 crore on a 25.8% drop in total income to Rs 113.64 crore in Q4 FY25 over Q4 FY24.
Time of India
2 days ago
- Business
- Time of India
Nibe Limited signs agreement with with Israel's Elbit Systems; to manufacture Advanced Universal Rocket Launcher
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Private defence manufacturing comapany NIBE Limited signed a Technology Collaboration Agreement with Elbit Systems , a Israeli defence company for Advanced Universal Rocket Launcher partnership is aimed at manufacturing and supply of Universal Rocket Launcher ( SURYA ), which is a highly advanced defence system capable of engaging targets with precision over a range of up to 300 technology transfer will be the first time that such a sophisticated system will be produced in India, paving the way for both domestic and international markets, ANI reported"The Universal Rocket Launcher is set to revolutionise modern warfare with its remarkable capabilities and performance, positioning NIBE Limited as a key player in the global defense sector ," the company said in a release. Elbit Land Systems , a division of Elbit Systems Ltd. , is a global leader in the design, development, and integration of advanced land-based defense solutions. The company specialises in a wide range of platforms and technologies, including armored vehicles, artillery systems, unmanned ground vehicles, and combat vehicle modernisation and is known for its innovation, reliability, and battlefield-proven systems.
India.com
07-07-2025
- Business
- India.com
Saudi Arabia, Vietnam Indonesia want to buy this deadly weapon from India, it's name is..., they are special because...
Pinaka rocket launchers- File image Pinaka MBRL rocket launchers news: India conducted a massive anti-terror operation on the land of Pakistan and Pakistan Occupied Kashmir killing more than a hundred terrorists across nine terror camps in the month of May. As a result of the successful military operation, the defence equipment of India including the Akash Air Defence Systems, BrahMos supersonic missile and the Pinaka rocket launchers received heaps of praises from all across the world. Moreover, as a result of their massive success, these India-made weapons are witnessing an increased demand from across the world. Here are all the details you need to know about the Pinkaka Rocket launchers and which countries are aiming to purchase the Indian defence item. Which countries are lining up for Pinaka MBRL rocket launchers? As per popular media reports, countries like Saudi Arabia, Vietnam, and Indonesia have expressed serious interest in purchasing the Pinaka MBRL—an advanced, satellite-guided system capable of firing 12 rockets in seconds with a reach of 75 km. Notably, the development comes as the other defence equipment like BrahMos and Akash air defence systems also witness heavy demand from across the world, helping India's defence infrastructure growth. DRDO signs licensing Agreement for Pinaka launchers The Defence Research and Development Organisation (DRDO) recently signed a Licensing Agreement for Transfer of Technology (LAToT) with NIBE Limited for the Pinaka Multi Barrel Rocket Launcher (MBRL) and the Battery Command Post (BCP). The agreement aims to strengthen the industrial base for the development and manufacturing of indigenous defence equipment. In a post on X, DRDO stated, 'In an effort to enhance the industrial base in development and manufacturing of indigenous defence equipment, Armament Research & Development Establishment (ARDE), DRDO signed Licensing Agreement for Transfer of Technology(LAToT) of Pinaka Multi Barrel Rocket Launcher (MBRL) and Battery Command Post (BCP) with M/s NIBE Limited, Pune.' What are Pinaka MBRL rocket launchers? The Pinaka MBRL is a state-of-the-art indirect fire weapon system engineered to neutralise area targets with high precision and rapid response. Designed to launch 12 rockets from a stationary, inclined position, the system offers swift deployment and exceptional accuracy, making it highly effective against time-sensitive and critical enemy threats. (With inputs from agencies)
India.com
19-06-2025
- Business
- India.com
Pakistan, China in tension as India to get new missile system named..., can fire 12 missiles in just 44 seconds, it's dangerous because...
Pinaka rocket launchers India to get new 300-km range Pinaka missile system: In a significant development for Indian defence system and a bad news for China and Pakistan, the Defence Research and Development Organisation (DRDO) will soon begin manufacturing new variants of the Pinaka rocket system with extended ranges of 120 km and 300 km. According to DRDO Chairman Dr. Samir V. Kamat as quoted by the Economic Times, the rocket launchers rocket systems are expected to be inducted into the Indian Army within the next three to five years. About Pinaka MBRL The Pinaka MBRL is a state-of-the-art indirect fire weapon system engineered to neutralise area targets with high precision and rapid response. Designed to launch 12 rockets from a stationary, it is engineered to neutralise area targets with high precision and rapid response inclined position, the system offers swift deployment and exceptional accuracy, making it highly effective against time-sensitive and critical enemy threats. DRDO signs licensing agreement with NIBE Ltd for Pinaka MBRL and Battery Command Post In a significant development from last month, the Defence Research and Development Organisation (DRDO) signed a Licensing Agreement for Transfer of Technology (LAToT) with NIBE Limited for the Pinaka Multi Barrel Rocket Launcher (MBRL) and the Battery Command Post (BCP), as per a report by ANI news agency. The agreement aims to strengthen the industrial base for the development and manufacturing of indigenous defence equipment. In a post on X, DRDO stated, 'In an effort to enhance the industrial base in development and manufacturing of indigenous defence equipment, Armament Research & Development Establishment (ARDE), DRDO signed Licensing Agreement for Transfer of Technology(LAToT) of Pinaka Multi Barrel Rocket Launcher (MBRL) and Battery Command Post (BCP) with M/s NIBE Limited, Pune.' (With inputs from agencies)
Mint
10-06-2025
- Business
- Mint
18000% rally in 5 years! Small-cap defence stock jumps 8% on THIS license agreement with DRDO. Do you own?
Small-cap defence stock NIBE Limited zoomed 8% in the early trading session on Tuesday, June 10, extending its rally to the third straight day as it secured a technology transfer license from Defence Research and Development Organisation (DRDO) for a modular bridging system. 'NIBE Limited ('The Company'), has entered into a Licensing Agreement with Research & Development Establishment (Engrs.) (R&DE(E)), Pune, Defence Research and Development Organisation (DRDO), India, Ministry of Defence, Government of India for Transfer of Technology of 'Modular Bridging System' of various lengths from 14m to 46m,' the BSE Smallcap stock said in an exchange filing on Monday.
