NIBE Limited — Updates, 28-07-2025: Press Release

NIBE Limited has forged a strategic technology collaboration with Elbit Systems, a globally renowned Israeli defense company. This partnership allows NIBE to manufacture and supply the advanced Universal Rocket Launcher (SURYA) in India. This marks a first for the country, producing a sophisticated defense system capable of precision engagements up to 300 km. The collaboration significantly boosts India's self-reliance in defense and strategically positions NIBE as a key player in the global defense sector, enhancing its technological capabilities and market reach.