Nibe Share Price Rises on June 9; Secures 10-Year Licence to Build DRDO-Designed Modular Bridges

Nibe Limited has signed a Licensing Agreement with the Research & Development Establishment (Engineers) [R&DE (E)], a premier laboratory under the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India.

The agreement pertains to the Transfer of Technology for the manufacturing of the Modular Bridging System, a vital defence infrastructure used for military and government applications.

Scope and Strategic Purpose

Under this agreement, Nibe Limited will gain access to the technology required to manufacture Modular Bridging Systems of varying lengths, ranging from 14 meters to 46 meters. These systems are crucial for enabling the crossing of tracked and wheeled military vehicles across rivers, ravines, and other obstacles, making them critical assets for the Indian Armed Forces and other central and state government agencies.

Financial Terms and Timeline

As part of the agreement, Nibe will pay a total consideration of ₹3.76 crore in tranches for the technology transfer. The licensing agreement allows Nibe to utilise this technology for ten years from the date of signing. Nibe is expected to launch the product line within 24 months from the commencement of the agreement.

Key Terms and Responsibilities

DRDO will provide complete technical know-how, including manufacturing processes and testing methodologies. Nibe will be responsible for the timely development and production of the Modular Bridging System for deployment in defence and public sector infrastructure.

Nibe Share Price Performance

On June 9, 2025, Nibe share price opened at ₹1,695.10, up from its previous close of ₹1,676.60. At 9:42 AM, the share price of Nibe was trading at ₹1,701.90, up by 1.51% on the NSE. Notably, the stock price touched its 52-week high at ₹1,851.60 on May 29, 2025.

Also Read: Nibe Won Export Order from Israel-Based Company!

Conclusion

This collaboration marks a significant step for Nibe Limited in expanding its defence manufacturing capabilities and contributing to India's strategic goal of self-reliance in defence production under the Make in India initiative. With this advanced technology, Nibe is poised to become a key supplier of bridging systems to the Indian defence sector.

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