The shares of the prominent defence manufacturer hit 10 percent in today’s trading session after securing a technology transfer license from DRDO for the modular bridging system.
With a market capitalization of Rs 2,635.86 crore, the shares of NIBE Ltd were trading at Rs 1,843.70 per share, increasing around 9.85 percent as compared to the previous closing price of Rs 1,678.40 apiece.
The shares of NIBE Ltd have seen positive movement after entering into a Licensing Agreement with the Defence Research and Development Organisation (DRDO), Ministry of Defence, India, for the transfer of technology related to the modular bridging system of various lengths, ranging from 14m to 46m.
Furthermore, the Modular Bridging System is a cutting-edge, mechanically launched mobile bridge designed for quick deployment across spans up to 46 meters. Engineered for both tracked and wheeled vehicles, it meets the evolving operational needs of the Indian Armed Forces and other government agencies with its advanced, multi-disciplinary design.
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Additionally, under the terms of the agreement, the company is licensed to manufacture this critical system in India and sell it within specified licensing regions for a period of 10 years. This includes exclusive rights to supply the system to the Indian Armed Forces and other government agencies.
Looking forward to the company’s financial performance, revenue decreased by 26 percent from Rs 152.17 crore in Q4FY24 to Rs 112.59 crore in Q4FY25. Further, during the same time frame, net profit decreased by 10 percent from Rs 10.43 crore to Rs 8.73 crore.
NIBE Group operates across defence, electric mobility, and advanced tech. It manufactures missiles and naval structures, sensors, and military software. NIBE E-Motor offers e-bicycles, e-rickshaws, batteries, and solar products. Its R&D arm develops EV solutions, hybrid PCUs, lithium batteries, supercapacitors, and rugged electronics.
Nibe Limited is engaged in providing electronic components, fabrication materials, job work relating to fabrication works, and consultancy in technical projects. The Company is a service provider in the field of design, supply, erection, testing, and commissioning of low voltage and medium voltage lines, including substations on a turnkey basis.
Written by Abhishek Singh
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