Introduction:
Leading defence company has signed key licensing agreements with DRDO and the Ministry of Defence for manufacturing Mountain Foot Bridges. It also secured aerospace contracts, expanded its facilities, and inaugurated a new state-of-the-art Missiles and Precision Machining Complex in Pune.
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Share price movement of Nibe Ltd:
On February 7, 2025, Nibe Ltd opened at ₹1,610.00, up 6.67% from its previous close of ₹1,509.40. The stock reached a high of ₹1,660.30 and a low of ₹1,582.10. By 9:39 AM, it traded at ₹1,637.95, an 8.52% increase, with a market cap of ₹2,341.71 crore.
Nibe Limited Expands Defence and Aerospace Operations:
Nibe Limited has signed licensing agreements with DRDO and the Ministry of Defence to manufacture and sell 35m Mountain Foot Bridges, reinforcing its role in India’s defence sector. The technology transfer will aid production for the Indian Armed Forces and government agencies.
Additionally, its subsidiary, Nibe Space Private Limited, secured contracts with Thales Alenia Space Italia for a $19 million Gen Optical Satellite and BlackSky Global for its operation and maintenance. The satellite is expected to be delivered within nine weeks, strengthening the company’s aerospace presence.
Further, Nibe inaugurated a state-of-the-art Missiles and Precision Machining Complex in Pune, marking its Foundation Day. Equipped with advanced CNC and VMC technology, the facility will enhance the production of critical small arms and missile components, boosting India’s defence manufacturing capabilities.
Recent news on Nibe Ltd:
As of January 10, 2025, NIBE Ltd has been granted “Mega Projects” status for its aircraft parts manufacturing facility in Shirdi. The Rs. 800 crore project will produce critical components and benefit from significant incentives under the Package Scheme of Incentives Policy, 2019.
Stock performance of Nibe Ltd for Period of 1 week, 6 months and 1 year:
Nibe Ltd stock has gained 3.82% over the past week, showing strong short-term performance. Despite a 17.1% decline in the last six months, it has delivered a solid 25.1% return over the past year, highlighting its long-term growth potential.
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Shareholding pattern of Nibe Ltd:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 53.10% | 53.10% | 50.00% |
| FII | 8.30% | 7.80% | 9.60% |
| DII | 0.50% | 0.50% | 0.70% |
| Public | 38.20% | 38.60% | 39.70% |
About Nibe Ltd:
NIBE Limited (NSE: NIBE) specializes in manufacturing critical components for the defence industry, including small arms, space projects, and defence structures. Established in 2021, the company focuses on self-reliance and innovation, contributing to India’s Atmanirbhar Bharat vision.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
