Multibagger Defence Stock Enters Licensing Agreement for Modular Bridging System Technology
The stock has give 1-year return of 0.84 per cent while since March 19, 2025 it has given multibagger returns of 100 per cent.
Nibe Limited has announced that it has entered into a significant Licensing Agreement for the Transfer of Technology with Research & Development Establishment, Pune, a part of the Defence Research and Development Organisation (DRDO), India, under the Ministry of Defence, Government of India. This agreement allows Nibe Limited to acquire technology for Modular Bridging Systems of various lengths, ranging from 14 meters to 46 meters.
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The agreement is for a technology transfer, specifically to manufacture Modular Bridging Systems, and is a domestic undertaking. Nibe Limited will pay a total consideration of 3.76 crores in tranches for this technology transfer. The company is authorised to utilise this technology for a period of 10 years from the agreement date to manufacture the Modular Bridging System in India. These systems are intended for use by the Indian Armed Forces and other Government Agencies, both Central and State. DRDO will provide comprehensive details of the technical know-how and testing methods for the same. Nibe Limited aims to launch the products within 24 months from the agreement date. The Modular Bridging System is described as a complex, multidisciplinary, mechanically launched mobile bridging system designed to support the crossing of tracked and wheeled vehicles.
The announcement has stirred excitement in the Indian stock market. As of May 23, 2025, the stock price of Nibe Limited stands at Rs 1,525.6. It has touched a 52-week high of Rs 2,190.4 and a low of Rs 767.9. The stock has give 1-year return of 0.84 per cent while since March 19, 2025 it has given multibagger returns of 100 per cent.
Nibe Limited is engaged in the manufacturing of various components, including those for the defense sector. With this new licensing agreement, the company is set to expand its business into the manufacturing of Modular Bridging Systems for the Indian Armed Forces and other government agencies, diversifying its product portfolio and strengthening its position in the defense manufacturing landscape in India.
Disclaimer: The article is for informational purposes only and not investment advice.