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The latest update is out from Nibe Ltd. ( (IN:NIBE) ).
Nibe Limited has announced that its subsidiary, Nibe Defence and Aerospace Limited, has received a manufacturing and proof-testing licence for firearms and ammunition from India’s Ministry of Home Affairs under the Arms Act and related rules. The approval marks a strategic milestone, formally enabling Nibe’s entry into the firearms and associated systems segment—covering pressure-bearing firearm components, 9mm pistols, rifles, machine guns and related manufacturing machinery—and provides up to seven years for NDAL to construct factory premises and install plant and machinery, signalling a significant deepening of the company’s presence in the defence sector and potential new revenue streams over the medium term.
More about Nibe Ltd.
Nibe Limited, based in Pune, operates through subsidiaries including Nibe Defence and Aerospace Limited (NDAL), which focuses on defence and aerospace manufacturing. The group is expanding into specialised defence equipment, targeting the production and testing of firearms, ammunition and related systems for the Indian market under relevant regulatory frameworks.
Average Trading Volume: 4,878
Technical Sentiment Signal: Sell
Current Market Cap: 17.97B INR
For detailed information about NIBE stock, go to TipRanks’ Stock Analysis page.