Latest news with #NIBE
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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.
Business Upturn
11-06-2025
- Business
- Business Upturn
NIBE secures Rs 23.33 crore order for supply of MIL12560 armor plates
By Aman Shukla Published on June 11, 2025, 15:33 IST NIBE has secured a significant purchase order valued at ₹23.33 crores from one of India's leading infrastructure and defence companies. The contract involves the supply of MIL12560 grade armor plates, widely used in defence applications for their superior ballistic protection capabilities. The order is classified as domestic and will be executed in multiple tranches, with full delivery scheduled by May 31, 2026. This development strengthens NIBE's position in the defence supply chain, highlighting its growing reputation as a reliable partner in delivering high-grade armored materials. The MIL12560 armor plate is a critical component in military and security infrastructure, and this order reaffirms the company's technical capabilities and compliance with stringent defence standards. The contract includes all applicable taxes and duties, contributing to a total consideration of ₹23.33 crores. NIBE's growing footprint in the defence sector reflects its strategic focus on high-value, technology-driven manufacturing solutions tailored to India's national security and infrastructure needs. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
10-06-2025
- Business
- Business Standard
NIBE shares soar 8% on signing pact with DRDO for modular bridging systems
Shares of defence technology company, NIBE, soared over 8 per cent in Tuesday's intraday trade as it secured the technology transfer license for its modular bridging system from the Defence Research and Development Organisation (DRDO). NIBE's stock rose as much as 8.01 per cent during the day to ₹1,812 per share, the biggest intraday gain since February 7 this year. The stock pared gains to trade 4.22 per cent higher at ₹1,749 apiece, compared to a 0.09 per cent advance in Sensex as of 9:53 AM. Shares of the company extended gains to their third day while they have risen 2.5 per cent this year, compared to a 5,5 per cent advance in the benchmark BSE Sensex. NIBE has a total market capitalisation of ₹2,503.54 crore, according to BSE data. NIBE inks licensing pact with DRDO NIBE signed a licensing agreement with the DRDO and Development Establishment (Engineers), Pune, for the transfer of technology of the 'Modular Bridging System', it said in an exchange filing on Monday. Developed by DRDO, the system is a state-of-the-art, mechanically launched mobile bridge designed to support the rapid deployment of spans ranging from 14 to 46 metres for tracked and wheeled vehicles, according to the statement. This agreement marks a key milestone in Nibe's commitment to the Government of India's "Make in India" and "Atmanirbhar Bharat" initiatives in the defence sector, the statement said. The company has secured exclusive manufacturing and supply rights for 10 years to deliver the system to the Indian Armed Forces and other government agencies within specified licensing regions. "NIBE is fully committed to upholding the highest standards of quality, precision, and compliance in the manufacture of the Modular Bridging System, ensuring timely and efficient support to the national security infrastructure," it said. The Modular Bridging System is a complex, mechanically launched mobile solution designed for rapid deployment, enabling tracked and wheeled vehicles to cross obstacles efficiently. About NIBE The company's expertise spans from manufacturing artillery ammunition and missile systems to small arms and advanced electronics. It is engaged in the development, manufacturing, and integration of sophisticated defence systems.
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Business Standard
10-06-2025
- Business
- Business Standard
Stock Market LIVE Updates: Sensex, Nifty flat; SMIDs rise; Jindal Saw up 10%, Jana SFB 3%
Sensex Today | Stock Market LIVE on Tuesday, June 10, 2025: The Nifty Midcap100, and Nifty Smallcap100 indices were up by 0.18 per cent and 0.35 per cent, respectively 10:50 AM Stock Market LIVE Updates: NIBE shares soar 8% on signing pact with DRDO for modular bridging systems Stock Market LIVE Updates: Shares of defence technology company, NIBE, soared over 8 per cent in Tuesday's intraday trade as it secured the technology transfer license for its modular bridging system from the Defence Research and Development Organisation (DRDO). NIBE's stock rose as much as 8.01 per cent during the day to ₹1,812 per share, the biggest intraday gain since February 7 this year. The stock pared gains to trade 4.22 per cent higher at ₹1,749 apiece, compared to a 0.09 per cent advance in Sensex as of 9:53 AM. READ MORE 9:58 AM Stock Market LIVE Updates: Jindal Saw share price rallies 9% on expanding its footprint in the Middle East Stock Market LIVE Updates: Jindal Saw share price was rising in trade on Tuesday. The stock surged 9 per cent to hit an intraday high of ₹253 per share. The rally in Jindal Saw shares came after it said the Board has approved incorporation of a step-down subsidiary in United Arab Emirates. The Board has also given its nod to enter into JV agreement between Jindal Saw Holdings FZE, a subsidiary of the company, and BUHUR FOR INVESTMENT COMPANY LLC, KSA, for incorporating a new company in Kingdom of Saudi Arabia. It will also enter into JV agreement between Jindal Saw Holdings FZE and RAX United Industrial Company, KSA, to incorporate a new company in Kingdom of Saudi Arabia. 9:41 AM Stock Market LIVE Updates: Investors were seen buying defence stocks; here's why Stock Market LIVE Updates: Buying interest was seen across defence stocks. Bharat Dynamics share price was up 2 per cent, Bharat Electronics share price 1.35 per cent, Data Patterns share price 2.5 per cent, Astra Microwave Systems share price 1.5 per cent, and HAL share price 1.2 per cent today. Defence shares were trading higher amid report that the Indian Army is expected to get ₹30,000-crore boost with a new surface-to-air missile system, which will be cleared for acquisition by the Ministry of Defence. 9:21 AM Stock Market LIVE Updates: Broader markets rise Stock Market LIVE Updates: Broader markets rise -- Nifty SmallCap 100 index rose 0.46 per cent -- Nifty MidCao 100 index was up 0.27 per cent 9:17 AM Stock Market LIVE Updates: Nifty rises at opening bell Stock Market LIVE Updates: Nifty rises at opening bell -- Nifty opens at 25,196.05 -- Nifty previous close was 25,103.20 9:16 AM Stock Market LIVE Updates: Sensex opens higher Stock Market LIVE Updates: Sensex opens higher -- Sensex opens at 82,643.73 -- Sensex previous close was 82,445.21 Connect with us on WhatsApp
