Latest news with #NIBELimited
India.com
20 hours ago
- Business
- India.com
Pakistan, China in tension as India to get new missile system named..., can fire 12 missiles in just 44 seconds, it's dangerous because...
Pinaka rocket launchers India to get new 300-km range Pinaka missile system: In a significant development for Indian defence system and a bad news for China and Pakistan, the Defence Research and Development Organisation (DRDO) will soon begin manufacturing new variants of the Pinaka rocket system with extended ranges of 120 km and 300 km. According to DRDO Chairman Dr. Samir V. Kamat as quoted by the Economic Times, the rocket launchers rocket systems are expected to be inducted into the Indian Army within the next three to five years. About Pinaka MBRL The Pinaka MBRL is a state-of-the-art indirect fire weapon system engineered to neutralise area targets with high precision and rapid response. Designed to launch 12 rockets from a stationary, it is engineered to neutralise area targets with high precision and rapid response inclined position, the system offers swift deployment and exceptional accuracy, making it highly effective against time-sensitive and critical enemy threats. DRDO signs licensing agreement with NIBE Ltd for Pinaka MBRL and Battery Command Post In a significant development from last month, the Defence Research and Development Organisation (DRDO) signed a Licensing Agreement for Transfer of Technology (LAToT) with NIBE Limited for the Pinaka Multi Barrel Rocket Launcher (MBRL) and the Battery Command Post (BCP), as per a report by ANI news agency. The agreement aims to strengthen the industrial base for the development and manufacturing of indigenous defence equipment. In a post on X, DRDO stated, 'In an effort to enhance the industrial base in development and manufacturing of indigenous defence equipment, Armament Research & Development Establishment (ARDE), DRDO signed Licensing Agreement for Transfer of Technology(LAToT) of Pinaka Multi Barrel Rocket Launcher (MBRL) and Battery Command Post (BCP) with M/s NIBE Limited, Pune.' (With inputs from agencies)
Mint
10-06-2025
- Business
- Mint
18000% rally in 5 years! Small-cap defence stock jumps 8% on THIS license agreement with DRDO. Do you own?
Small-cap defence stock NIBE Limited zoomed 8% in the early trading session on Tuesday, June 10, extending its rally to the third straight day as it secured a technology transfer license from Defence Research and Development Organisation (DRDO) for a modular bridging system. 'NIBE Limited ('The Company'), has 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 BSE Smallcap stock said in an exchange filing on Monday.
India.com
31-05-2025
- Business
- India.com
India to supply Israel with highly advanced weapon system in multi-million-dollar deal; weapon system is extremely..., the range...
New Delhi: India's defense relations with Israel are reaching a new height. Under the Make in India initiative, India is now set to supply weapons to Israel, making a significant leap in the field of defense exports. Leading Indian manufacturer NIBE Limited has secured an important export deal for a world-renowned, technology-based company in Israel. This deal, valued at 17.5 million US dollars, involves the manufacture and supply of universal rocket launchers with a range capability of up to 300 kilometers. This highly advanced technology produced in India is ready for the global market for the first time. India Israel friendship This deal indicates that the cooperation between India and Israel is progressing rapidly. While providing information about securing export orders, the company stated, 'This is a historic achievement for NIBE Limited and a proud milestone for India's defense manufacturing sector. With this contract, we reaffirm our commitment to the Prime Minister's vision of 'Self-Reliant India' and 'Make in India', which will bring world-class defense technology to Indian soil.' What is Universal Rocket Launcher? The Universal Rocket Launcher is one of the most advanced in its category and is designed to perform better than the global options available today. This order is not only a significant step in NIBE Limited's international expansion, but also strengthens India's strategic position in the field of modern warfare systems. NIBE Limited is a leading Indian defense technology company, engaged in the development, manufacturing, and integration of sophisticated defense systems. With an emphasis on innovation, self-reliance, and global collaboration, the company plays a crucial role in enhancing India's defense preparedness and export capabilities.
India Gazette
30-05-2025
- Business
- India Gazette
DRDO signs licensing agreement with NIBE Ltd for Pinaka MBRL and Battery Command Post
New Delhi [India], May 30 (ANI): The Defence Research and Development Organisation (DRDO) on Friday signed a Licensing Agreement for Transfer of Technology (LAToT) with NIBE Limited for the Pinaka Multi Barrel Rocket Launcher (MBRL) and the Battery Command Post (BCP). The agreement aims to strengthen the industrial base for the development and manufacturing of indigenous defence equipment. In a post on X, DRDO stated, 'In an effort to enhance the industrial base in development and manufacturing of indigenous defence equipment, Armament Research & Development Establishment (ARDE), DRDO signed Licensing Agreement for Transfer of Technology(LAToT) of Pinaka Multi Barrel Rocket Launcher (MBRL) and Battery Command Post (BCP) with M/s NIBE Limited, Pune.' According to a release, the Pinaka MBRL is a state-of-the-art indirect fire weapon system engineered to neutralise area targets with high precision and rapid response. Designed to launch 12 rockets from a stationary, inclined position, the system offers swift deployment and exceptional accuracy, making it highly effective against time-sensitive and critical enemy threats. Robust and ruggedized, the launcher is built to withstand cross-country mobility and diverse environmental conditions, ensuring reliability in demanding operational scenarios, the release said. The signing of this agreement comes a day after DRDO Chairman Samir V Kamat urged the Indian industry to significantly increase investments in research and development to strengthen India's indigenous defence capabilities. 'We need to invest more in research and development. Today, we spend 5 per cent of our Defence budget on R&D. The Raksha Mantri has promised us that in the next five years, this will increase gradually to 10% of the Defence budget,' Samir V Kamat said at the CII Annual Business Summit 2025 on Thursday. 'You can't afford to fight future wars with past technologies. If you have to win future battles, you have to invest in R&D within the country,' he added. He congratulated the armed forces for the success of Operation Sindoor. 'Let me place on record the DRDO appreciation of the armed forces' efforts in conducting operations very successfully. I would also like to congratulate the Indian industry for helping us and producing the equipment they (Armed Forces) could use successfully during this operation,' he said. 'I would like to congratulate the Indian industry for contributing significantly to making India the fourth largest economy in the world,' he added. He highlighted the importance of working towards advanced technologies for cutting-edge systems. 'Technological changes are galloping. Although manufacturing is required, without the ability to design and develop your systems, you will always have systems that are not cutting-edge systems. We are not the leading R&D nation in the world at the moment. So we will have to catch up, which can be done by using the new emerging technologies,' Kamat noted. He said India's progress in Research and Development will not only strengthen its defence ecosystem but also expand defence exports. 'We will work with you closely to make India a leading R&D country where people look to us for new innovations in defence technologies. If that happens, our exports will also increase.' 'We will be at a position where our enemies would not want to deal with us in any form of war, and we can then grow economically at a much faster rate with our focus on lifting the country to become a developed country, which is the vision of our Prime Minister by 2047,' he said. (ANI)
Time of India
30-05-2025
- Business
- Time of India
DRDO signs licensing agreement with NIBE Ltd for Pinaka MBRL and Battery Command Post
DRDO has signed a technology transfer agreement with NIBE Limited for the Pinaka MBRL and BCP, aiming to boost indigenous defence manufacturing. This follows DRDO Chairman's call for increased R&D investment to enhance India's defence capabilities and exports. He also lauded the armed forces and Indian industry for their contributions to recent successful operations and economic growth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Defence Research and Development Organisation ( DRDO ) on Friday signed a Licensing Agreement for Transfer of Technology (LAToT) with NIBE Limited for the Pinaka Multi Barrel Rocket Launcher (MBRL) and the Battery Command Post (BCP).The agreement aims to strengthen the industrial base for the development and manufacturing of indigenous defence equipment In a post on X, DRDO stated, "In an effort to enhance the industrial base in development and manufacturing of indigenous defence equipment, Armament Research & Development Establishment (ARDE), DRDO signed Licensing Agreement for Transfer of Technology(LAToT) of Pinaka Multi Barrel Rocket Launcher (MBRL) and Battery Command Post (BCP) with M/s NIBE Limited, Pune."According to a release, the Pinaka MBRL is a state-of-the-art indirect fire weapon system engineered to neutralise area targets with high precision and rapid to launch 12 rockets from a stationary, inclined position, the system offers swift deployment and exceptional accuracy, making it highly effective against time-sensitive and critical enemy and ruggedized, the launcher is built to withstand cross-country mobility and diverse environmental conditions, ensuring reliability in demanding operational scenarios, the release signing of this agreement comes a day after DRDO Chairman Samir V Kamat urged the Indian industry to significantly increase investments in research and development to strengthen India's indigenous defence capabilities."We need to invest more in research and development. Today, we spend 5 per cent of our Defence budget on R&D. The Raksha Mantri has promised us that in the next five years, this will increase gradually to 10% of the Defence budget," Samir V Kamat said at the CII Annual Business Summit 2025 on Thursday."You can't afford to fight future wars with past technologies. If you have to win future battles, you have to invest in R&D within the country," he congratulated the armed forces for the success of Operation Sindoor."Let me place on record the DRDO appreciation of the armed forces' efforts in conducting operations very successfully. I would also like to congratulate the Indian industry for helping us and producing the equipment they (Armed Forces) could use successfully during this operation," he said."I would like to congratulate the Indian industry for contributing significantly to making India the fourth largest economy in the world," he highlighted the importance of working towards advanced technologies for cutting-edge systems."Technological changes are galloping. Although manufacturing is required, without the ability to design and develop your systems, you will always have systems that are not cutting-edge systems. We are not the leading R&D nation in the world at the moment. So we will have to catch up, which can be done by using the new emerging technologies," Kamat said India's progress in Research and Development will not only strengthen its defence ecosystem but also expand defence exports. "We will work with you closely to make India a leading R&D country where people look to us for new innovations in defence technologies. If that happens, our exports will also increase.""We will be at a position where our enemies would not want to deal with us in any form of war, and we can then grow economically at a much faster rate with our focus on lifting the country to become a developed country, which is the vision of our Prime Minister by 2047," he said.
