Nibe Share Price Rose 2.59%; Secures ₹23.33 Crore Armour Plate Order from Defence Client

Nibe Limited, a key player in specialised engineering and manufacturing solutions, has received a significant purchase order valued at ₹23.33 crore. The order has been awarded by one of India’s leading infrastructure and defence companies.

The contract pertains to the supply of Armour Plate MIL12560 (ARMOUR), a specialised material used in defence and security applications.

Order Details and Specifications

As per the contract, Nibe Limited will supply Armour Plate MIL12560, a high-strength ballistic protection steel grade, known for its ability to absorb shock and prevent penetration from projectiles. This makes it ideal for use in military vehicles, infrastructure reinforcement, and defence-grade equipment.

The order is domestic in nature, reinforcing Nibe’s role in the ‘Make in India’ defence and infrastructure supply chain. It will be executed in tranches, with the complete delivery scheduled by May 31, 2026.

Value and Strategic Importance

The order carries a total value of ₹23.33 crore, inclusive of all taxes and duties. This win highlights Nibe’s manufacturing capabilities and its growing presence in the critical defence sector. It also reflects the company’s ability to deliver high-quality, specialized materials to strategic industries.

Nibe Share Price Performance

On June 12, 2025, Nibe share price opened at ₹1,965.00, up from its previous close of ₹1,899.10. At 1:04 PM, the share price of Nibe was trading at ₹1,948.30, up by 2.59% on the NSE. Notably, the share price hit its 52-week high at ₹2,001.00.

Also Read: Nibe Secures 10-Year Licence to Build DRDO-Designed Modular Bridges!

Conclusion

This contract strengthens Nibe Limited’s defence vertical and underlines its role as a trusted partner in India’s infrastructure and security ecosystem. Timely execution of this order is expected to contribute positively to the company’s financials and market reputation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.