NIBE Limited Enters into Technology Collaboration Agreement with Elbit Systems

NIBE Limited ("The Company"), a pioneering Indian manufacturer of cuttingedge defense systems, is thrilled to announce a strategic technology collaboration agreement with a globally renowned technology company from Israel. This partnership will enable the manufacturing and supply of the Universal Rocket Launcher (SURYA), a highly advanced defense system capable of engaging targets with precision over a range of up to 300 km.

This groundbreaking technology transfer marks the first time that such a sophisticated system will be produced in India, paving the way for both domestic and international markets. The Universal Rocket Launcher is set to revolutionize modern warfare with its remarkable capabilities and performance, positioning NIBE Limited as a key player in the global defense sector.

A Landmark Achievement for India's Defense Manufacturing Sector

The collaboration represents a significant milestone in India's defense manufacturing journey and aligns with the vision of Atmanirbhar Bharat and Make in India, of our Honorable Prime Minister. NIBE Limited is proud to contribute to the growth of self-reliant defense capabilities within India, while simultaneously enhancing the nation's global defense footprint.

The Universal Rocket Launcher is one of the most advanced systems in its class, designed to surpass the capabilities of current global alternatives. This collaboration opens up new frontiers for NIBE Limited, both in terms of international expansion and technological innovation, reinforcing the company's commitment to developing indigenous solutions for the Indian Armed Forces and allied global partners.

Key Advantages of the Universal Rocket Launcher (SURYA)

Universal Capability: The SURYA is engineered to launch various types of accurate and free-flight rockets, supporting a wide range of rockets and missile manufacturers. Its modular Launch Pod Container (LPC) system ensures compatibility with different missile types and Original Equipment Manufacturers (OEMs).

Autonomous Operation: The SURYA is fully autonomous, capable of independently handling firing missions. Featuring an onboard navigation system and a Launcher Mission Computer (LMC), the system is capable of being combat-ready in under a minute, enabling it to engage targets accurately and effectively, even at extended ranges typically handled only by air forces.

Automatic Targeting and Firing: The launcher's automatic system ensures maximum responsiveness by autonomously setting the appropriate azimuth and altitude based on firing mission data. The SURYA can perform all necessary calculations, making it ideal for rapid and precise mission execution.

Enhanced Mission Readiness: The system's dual LPCs allow the SURYA to carry a significant number of mission-ready rockets or missiles, reducing reload cycles and logistical burdens for artillery units, thereby improving operational efficiency.

Strengthening India's Strategic Defense Position

This collaboration with an international defense leader highlights NIBE Limited's commitment to enhancing India's defense readiness and self-reliance, while also contributing to global defense innovation. By developing high-impact, indigenous solutions, NIBE Limited continues to support both the Indian Armed Forces and global defense clients, fulfilling national priorities and advancing cuttingedge military technology.

Shares of NIBE Ltd was last trading in BSE at Rs. 1755.55 as compared to the previous close of Rs. 1661.05. The total number of shares traded during the day was 23722 in over 2459 trades.

The stock hit an intraday high of Rs. 1797.00 and intraday low of 1670.00. The net turnover during the day was Rs. 41327556.00.

Source : Equity Bulls

Keywords

NIBE INE149O01018 Collaboration ElbitSystems