Nibe Limited Surges 7.74% on PULS Tech Transfer Pact with Israel’s Elbit Systems

Mumbai, July 28, 2025 – There was a massive surge in the prices of Nibe Limited’s (BSE: 535136, NSE: NIBE) shares as they jumped by almost 7.74% during the early trading hours on Monday. This was after the company announced a significant Technical Collaboration Agreement (TCA) with Israel-based Elbit Systems Limited for the transfer of rocket system technology. The technical collaboration between the two companies is for Precise & Universal Launch System (PULS), enabling license & technology transfer to manufacture in India.

Nibe gains exclusive rights to locally manufacture, assemble, and integrate the PULS rocket system in India, enhancing domestic defence infrastructure. The PULS system offers long-range precision launch capability (up to ~300 km). This improves the company’s technological capabilities and defence portfolio, while also increasing its visibility in both the global and domestic defence markets. The two companies expect finalisation of financial terms within ~45 days from signing (by mid‑August 2025)

Nibe Limited Share Price Movement

At 11:45, the share traded at ₹1792 (7.74% higher than the previous day’s close). The low and high ranges during the day were ₹ 1,666 and ₹ 1,795. The share witnessed a healthy trade volume (1.18 lakh shares traded). With today’s rally, the share has surged around 28% in the past three months. The stock has a P/E ratio of 88.88 compared to the industrial average of 50.83. The volume-weighted average price (VWAP) stood at ₹1,698.13.

Strategic Agreement with Elbit Systems

Nibe announced on July 26, 2025, that it has signed a TCA with Elbit Systems, enabling it to:

• Manufacture the Precise & Universal Launch System (PULS) in India
• Integrate and assemble artillery rocket systems with a precision strike range of up to 300 km
• Leverage Israeli defence tech under licensed know-how for indigenisation

The deal structure includes a detailed technology transfer and is expected to finalise commercial terms within 45 days. No related-party transactions are involved.

Management View

The company emphasised that this collaboration enhances India’s defence self-reliance and leverages the combined expertise of both firms for a cutting-edge artillery rocket system.

Company Overview

Nibe Limited, listed since February 7, 2025, operates in the Aerospace & Defence segment, focusing on indigenous engineering capabilities. The company is based in Chakan, Pune, and aims to scale its presence in India’s fast-growing strategic defence manufacturing sector. It also offers services in design, supply, and commissioning of electrical infrastructure. The company has a history of manufacturing synthetic fabrics before shifting its focus to its current direction.

The latest partnership underscores Nibe’s growing stature as a defence-tech collaborator aligned with the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.

REF: https://nsearchives.nseindia.com/corporate/9028072464_28072025100524_Press_Release_28072025.pdf

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