Nibe has entered in to supply contract with Indian Army, Ministry of Defence, Government of India for manufacturing and supply of thirty Sets of Loiter Munition System that consist of 300 Loiter Munitions and Associated Testing Equipment and Accessories under buy (Indian) category for a total consideration of Rs 563.35 crore (inclusive of all taxes and duties). The order will be executed and delivered in tranches within 12 months from date of release of advance payment post signing of contract.
The Company is engaged in the business of Fabrication and Machining of components used in Defence Sector.
