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Nibe shares hit 5% upper circuit on securing Rs 151 crore defence order from Israeli OEM

Shares of defence engineering company Nibe Limited hit their 5% upper circuit at Rs 1,601.85 on the BSE on Monday after the firm announced an international order worth Rs 150.6 crore from a leading Israel-based original equipment manufacturer (OEM).The contract involves the manufacturing and supply of Universal Rocket Launchers with a range of up to 300 kilometres—an advanced system being produced in India for the first time for global deployment.Calling it a landmark achievement, Nibe said the order underscores its commitment to the 'Atmanirbhar Bharat' and Make in India initiatives, aiming to deliver world-class defence technology from Indian soil.The Universal Rocket Launcher is positioned as one of the most advanced in its category, built to outperform current global alternatives. Th

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