NIBE Limited, a key player in the defence manufacturing sector, has taken a significant step towards advancing India’s self-reliance in defence production. The company inaugurated its cutting-edge Missiles Complex and Precision Machining – Small Arms Complex in Pune. This event coincided with the celebration of NIBE’s Foundation Day, symbolising its continued commitment to innovation and excellence.
The grand inauguration ceremony witnessed the presence of prominent dignitaries, including Maharashtra’s Chief Minister, Shri Devendra Fadnavis, Deputy Chief Minister Shri Ajit Pawar, and other government officials. Industry leaders, including executives from Larsen & Toubro (L&T), were also in attendance.
The newly inaugurated facility is equipped with state-of-the-art Vertical Machining Centres (VMCs) with Computer Numerical Control (CNC). Some of the advanced machinery installed at the facility include:
These high-precision machines will enable NIBE Limited to manufacture critical components for small arms, such as Light Machine Guns (LMGs) and Assault Rifles, along with missiles and rocket launcher structures. The enhanced production capabilities are expected to contribute significantly to India’s defence and aerospace sectors.
Founded in 2021, NIBE Limited has rapidly emerged as a key defence manufacturer, specialising in:
With a focus on domestic and international applications, the company aligns its operations with the Atmanirbhar Bharat initiative, reinforcing India’s self-reliance in defence production.
Following this significant development, NIBE Limited’s share price hit an upper circuit at ₹1,660.30 on the BSE during the trading session.
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Published on: Feb 7, 2025, 4:08 PM IST
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