MoneyWorks4Me

Nibe receives purchase order worth Rs 150.62 crore

24 May 2025 Evaluate

Nibe has received a Purchase Order from a leading global OEM Israel based defence technology company for a total consideration of $17,520,000 i.e. approximately Rs 150.62 crore for manufacturing and supply of Universal Rocket Launcher ranging up to 300km. The said order is expected to be completed on or before November 2027.

NIBE (Formerly known as Kavita fabrics) manufactures synthetic fabrics in the form of semi-finished sarees and dress materials. These products are offered in various designs as per customer requirements.


Peers
Company Name CMP
Hindustan Aeronaut. 4801.00
Bharat Electronics 393.65
Aequs 231.90
Astra Microwave Prod 1632.15
DCX Systems 163.00
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