Nibe Defence and Aerospace Ltd receives license for Firearms manufacturing from DPIIT

Nibe Defence and Aerospace Limited, subsidiary of Nibe Limited ("the Company") has been granted license for manufacturing and proof testing of Firearms by Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India under the provisions of the Arms Act, 1959, Arms Rules, 2016 and Notifications by the Ministry of Home Affairs issued there under from time to time for manufacturing and proof-testing of firearms/ammunition.

The grant of this license expands the Company's capabilities across the defence manufacturing value chain and reinforces its commitment to developing advanced technologies, precision-engineered systems for Arms of Caliber above 12.7 MM.

Shares of NIBE Ltd was last trading in BSE at Rs. 1594.10 as compared to the previous close of Rs. 1503.65. The total number of shares traded during the day was 48229 in over 2804 trades.

The stock hit an intraday high of Rs. 1637.45 and intraday low of 1497.40. The net turnover during the day was Rs. 76036829.00.

Source : Equity Bulls

Keywords

NIBE INE149O01018 Defence NibeDefenceandAerospace License Manufacturing ProofTesting Firearms DPIIT