NIBE Limited — Updates, 02-08-2025: Press Release

NIBE Limited secured a significant order from Elbit Systems, Israel, to manufacture and supply parts for the 70mm Guided Advanced Tactical Rocket (GATR). This marks a pivotal moment as India will produce such a sophisticated rocket for the first time, underscoring NIBE's rising prominence as an international defense partner. The deal aligns with the "Make in India" and "Atmanirbhar Bharat" initiatives, strengthening indigenous capabilities and India's global defense footprint. This strategic step opens new horizons for NIBE in technological advancement and international expansion.