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Nibe Limited secures Rs 563.35 crore supply contract from the Indian Army for Loiter Munition Systems

14-Aug-26   21:09 Hrs IST
Nibe Limited announced it has secured a supply contract with the Indian Army, Ministry of Defence, Government of India, for the manufacturing and supply of 30 sets of Loiter Munition System, including 300 Loiter Munitions and associated equipment. The total contract consideration is Rs 563.35 crore, inclusive of all taxes and duties, and falls under the "buy (Indian)" category. The order, awarded by a domestic entity, is to be executed within 12 months from the date of advance payment and requires Nibe to furnish performance guarantees totaling 10% and 5% of the contract price.

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