Nibe Share Price Hits Upper Circuit on Export Order from Israel-Based Company

Nibe Limited has received an export purchase order worth ₹150.62 crore from an Israel-based original equipment manufacturer (OEM). The announcement was made through a regulatory filing dated May 24, 2025. The order is for the manufacturing and supply of Universal Rocket Launchers, which have a range of up to 300 kilometres.

As of 10:11 AM on May 26, 2025, Nibe Limited share price was trading at ₹1,599.70, hitting 5% upper circuit, with a 13.10% increase over the last month and a 3.92% drop since its debut.

Client Name Not Disclosed

The company has not revealed the name of the Israeli client due to confidentiality agreements. It only described the buyer as a leading technology-based company from Israel.

As per the order terms, the manufacturing and delivery are scheduled to be completed on or before November 2027.

The rocket launchers will be manufactured at Nibe’s facility located in Phase III, MIDC Industrial Area, Nanekarwadi, Chakan, Pune. The company has been working in the defence and aerospace sector and has been expanding its production.

First of Its Kind for Export

This is the first time Universal Rocket Launchers with this range are being produced in India for the global market. The systems involved are classified as long-range rocket launchers with capabilities up to 300 km.

Read more: NIBE Inaugurates State-of-the-Art Defence Manufacturing in Pune!

Company Profile

Nibe Limited is involved in the design, manufacturing, and supply of defence systems. It is registered as a public company and operates out of Maharashtra. 

Conclusion

The order adds to Nibe’s growing list of defence manufacturing projects for overseas clients. The company will handle the entire production domestically, with delivery planned over the next two and a half years.

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