Latest news with #ARMOUR
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Business Standard
12-06-2025
- Business
- Business Standard
This smallcap defence stock jumps 5% in trade today; here's why
NIBE share price rose after securing an order worth Rs 23.33 crore from an infrastructure and defence company for supply of armour plat MIL12560 (ARMOUR). SI Reporter New Delhi NIBE share price: NIBE shares rose up to 4.54 per cent to hit an intraday high of ₹1,986 per share on Thursday, June 12, 2025. At 11:11, NIBE shares were off day's highs, and were trading 3.38 per cent higher at ₹1,964 per share. In comparison, BSE Sensex was trading 0.36 per cent lower at 82,214.10 levels. Track LIVE Stock Market Updates Here Why did NIBE share price rise in trade today? NIBE share price rose after securing an order worth ₹23.33 crore from an infrastructure and defence company for supply of armour plat MIL12560 (ARMOUR). In an exchange filing, NIBE said, 'This is to inform that the Company has received a Purchase Order from one of the leading Infra and Defence Company for Supply of Armour Plate MIL12560 (ARMOUR) for a total consideration of ₹23.33 crore (inclusive of all taxes and duties).' The company further said that the order will be executed in tranches by May 31, 2026. Earlier this week, NIBE entered into a licensing agreement with Research & Development Establishment (Engrs.) (R&DE(E)), Pune, Defence Research and Development Organisation (DRDO), India, Ministry of Defence, Government of India for transfer of technology of 'Modular Bridging System' of various lengths from 14m to 46m. The 'Modular Bridging System' is a state-of-the-art, mechanically launched mobile bridge, developed by DRDO. It is a complex, multi-disciplinary engineering solution capable of rapidly deploying bridges up to spans of 46m to enable the crossing of tracked and wheeled vehicles. The system is specifically designed to address the dynamic requirements of the Indian Armed Forces and other Government agencies, NIBE explained. ALSO READ | About NIBE NIBE, an Indian defence technology company, is engaged in the development, manufacturing, and integration of sophisticated defence systems. With a strong focus on innovation, self-reliance, and global collaboration, NIBE plays a crucial role in boosting the country's defence readiness and export capabilities. NIBE's market capitalisation is ₹2,805.84 crore, according to BSE. The company falls under the BSE SmallCap category. The 52-week high of NIBE is ₹2,245.40, while its 52-week low is ₹753.05 apiece. Track LIVE Stock Market Updates Here
Business Standard
12-06-2025
- Business
- Business Standard
NIBE gains after securing Rs 23 cr armor plate supply order
NIBE rose 1.07% to Rs 1,920 after the firm has received a purchase order from one of the leading Infra and Defence Company for supply of Armor Plate MIL12560 (ARMOUR) for a total consideration of Rs 23.33 crore. The orders are set to be executed in tranches, with completion expected by 31 May 2026. The promoter, promoter group, and group companies have no interest in the entity that awarded the orders. The contracts do not fall under related party transactions, and therefore, the question of whether they are done at "arm's length" is not applicable. NIBE trades in electronic components and fabrication materials and provides technical consultancy. It also provides services for the design, supply, erection, testing, and commissioning of low- and medium-voltage lines and substations on a turnkey basis. The company's consolidated net profit declined 30% to Rs 7.64 crore on a 25.8% drop in total income to Rs 113.64 crore in Q4 FY25 over Q4 FY24.
Yahoo
29-05-2025
- Business
- Yahoo
ARMOUR Residential REIT, Inc. Announces June 2025 Dividend Rate Per Common Share
VERO BEACH, Florida, May 29, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) ('ARMOUR' or the 'Company') today announced the June 2025 cash dividend for the Company's Common Stock. June 2025 Common Stock Dividend Information Month Dividend Holder of Record Date Payment Date June 2025 $0.24 June 16, 2025 June 27, 2025 Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust ('REIT') for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company's board of directors, which may consider additional factors including the Company's results of operations, cash flows, financial condition and capital requirements as well as current market conditions, expected opportunities and other relevant factors. About ARMOUR Residential REIT, Inc. ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission ('SEC'). Safe Harbor This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue,' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. The Company disclaims any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. Additional Information and Where to Find It Investors, security holders and other interested persons may find additional information regarding the Company at the SEC's internet site at or the Company website at or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations. Investor Contact: Gordon M. HarperChief Financial OfficerARMOUR Residential REIT, Inc.(772) 617-4340Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Indian Express
17-05-2025
- Politics
- New Indian Express
Fire services department gets tech upgrade: Delhi CM Rekha Gupta
NEW DELHI: Chief Minister Rekha Gupta on Friday announced a major upgrade for the Delhi Fire Services (DFS), stating that advanced technology will soon enhance fire-fighting capabilities across the city. Gupta, along with Delhi Home Minister Ashish Sood, inspected a range of modern fire-fighting equipment at the Delhi Secretariat. The demonstration included fire-fighting robots, the ARMOUR (Automated Robotic Mist Omni Utility Rakshak) unit, and portable high-pressure water mist systems. Gupta said these tools would make the DFS more efficient, especially in congested areas where fire trucks struggle to reach. 'The fire infrastructure inherited from previous governments was severely outdated, putting lives at risk. We are committed to building a world-class fire service,' said Gupta. To support the upgrade, the Delhi government has allocated a budget of Rs 110 crore this year for the procurement of modern vehicles and fire-fighting equipment. Gupta added that robotic systems will not only ensure faster response times but also reduce risk to personnel during rescue operations in narrow lanes and high-risk zones. 'These modern, robotic systems will allow us to conduct swift operations in places that were previously hard to reach,' the chief minister said. 'The risk to the lives of fire personnel will be substantially reduced.' The DFS will soon be equipped with water bowsers, high-tech fire towers, Hazmat vans, drones, robotic fire-fighters, and aerial ladder platforms. Home Minister Ashish Sood criticized the lack of investment in fire services by previous administrations. 'Modernisation of the DFS was long overdue. This government is working to create one of the most advanced emergency response forces in the country,' he said.
Hindustan Times
17-05-2025
- Business
- Hindustan Times
Delhi CM inspects advanced fire-fighting machinery
In a major step towards overhauling Delhi's fire safety infrastructure, chief minister Rekha Gupta and home minister Ashish Sood on Friday reviewed a demonstration of advanced firefighting robots—including the indigenously developed Automated Robotic Mist Omni Utility Rakshak (ARMOUR)—at the Delhi Secretariat. The exercise comes as the BJP-led government accelerates efforts to modernise the capital's emergency response systems with state-of-the-art equipment. The ARMOUR robot is an automated firefighting vehicle equipped with high-pressure water mist technology designed to tackle fires in high-risk and hard-to-access zones. Also showcased were portable high-pressure mist systems—compact, mobile units that disperse fine water droplets at high velocity, allowing for effective firefighting in tight urban spaces. While a decision on the quantity and timeline of equipment procurement is yet to be finalised, officials said Friday's demonstration marks a key milestone in the fire services' planned upgrade. 'The fire-fighting infrastructure inherited from previous governments was in a severely dilapidated state, which led to numerous fire incidents in the city where fire personnel were unable to respond effectively,' said CM Gupta. 'Due to the failures of the previous administrations, citizens were deprived of essential fire safety measures. To change this, the current government is modernising the fire service with cutting-edge machines, robotic fire-fighting systems, and advanced equipment.' She added that a dedicated budget of ₹110 crore has been earmarked this year for the procurement of modern vehicles and firefighting tools. 'We are working to make Delhi's fire-fighting system the most advanced, efficient, and technologically empowered in the country,' she said. Home minister Sood said the upgraded Delhi Fire Service would soon be equipped with water bowsers, high-tech fire towers, Hazmat vans, drones, aerial ladder platforms, and robotic fire-fighters. 'New gadgets, advanced equipment, and various technologies are being incorporated into the Delhi Fire Service,' he said. The CM noted that these robotic systems would not only ensure better safety for fire personnel but would also enhance rapid response capabilities. 'In congested and narrow lanes—where fire incidents are more frequent—robotic fire-fighting systems will prove to be extremely effective,' she said. 'Often, fire personnel are unable to carry out swift operations in densely populated areas, and reaching those trapped during a blaze poses a major challenge. In such scenarios, these small robotic vehicles can play a crucial role. The risk to the lives of firemen will be significantly reduced with the deployment of such robotic and modern vehicles.'
