Nibe Limited Share Price in Focus; Signs ₹563.35 Crore Contract with Indian Army

Nibe Limited has entered into a supply contract with the Indian Army, Ministry of Defence, Government of India, for ₹563.35 crore. The amount includes taxes and duties, according to the company’s stock exchange filings. 

Details of the Contract 

The contract covers the manufacture and supply of 30 sets of Loiter Munition Systems. The order also includes 300 Loiter Munitions, along with associated testing equipment and accessories. 

The procurement has been placed under the Buy (Indian) category. The disclosure classifies the order as a domestic contract awarded by the Indian Army, Ministry of Defence, Government of India. 

Delivery in Tranches 

Nibe Ltd is to deliver the order in tranches. The company has stated that the contract will be executed within 12 months from the release of the advance payment following the signing of the contract. 

The filing does not provide a separate break-up of the contract value for the Loiter Munition Systems, munitions, testing equipment or accessories. The total contract value is ₹563.35 crore. 

Bank Guarantee Requirements 

As part of the contract terms, Nibe has to provide a Performance-cum-Warranty Bank Guarantee equal to 10% of the total contract price. This includes taxes and duties and has to be furnished within 45 days of signing the contract. 

The company will also have to provide a Performance Bank Guarantee for the Annual Maintenance Contract. This guarantee will be equal to 5% of the total AMC price and is required before the expiry or return of the guarantee for the main contract. 

Other Disclosures 

The company stated that the promoters, promoter group, and group companies have no interest in the entity that awarded the contract. The filing also states that the order does not fall under related-party transactions. 

Read More: L&T, Coal India Among 20 Bidders for ₹7,280 Crore Rare Earth Magnet Scheme! 

Nibe Limited Share Price Performance  

As of August 17, 2026, 12:13 pm, Nibe Ltd share price was trading at ₹1,445.10, a 3.02% decrease from the previous closing price. 

Conclusion 

The contract is valued at ₹563.35 crore and covers 30 Loiter Munition System sets, 300 munitions and related equipment. Deliveries are scheduled in tranches over 12 months after release of the advance payment. 

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