MoneyWorks4Me

NIBE secures purchase order worth Rs 6.12 crore

04 Aug 2025 Evaluate

NIBE has received a purchase order from Elbit Systems Land (a leading global Israel based defence Technology Company) for a total consideration of $7,00,000 i.e. around Rs 6.12 crore for manufacturing and supply of GATR 70mm Guided Rocket (10km) parts. The order is to be executed by September, 2026.

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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