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Nibe secures supply contract worth Rs 563.35 crore

17 Aug 2026 Evaluate

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.

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.


NIBE Share Price

1454.15 -34.55 (-2.32%)
17-Aug-2026 12:43 View Price Chart
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