BSECompany Update1d ago · 14 Aug 2026, 07:03 pm
Press release titled NIBE Limited signs Contract with Indian Army for supply of "Vayuastra" Loitering Munition System Under Fast Track Procurement (FTP) route dated August 14, 2026
NIBE Ltd · 535136
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NIBE Ltd has signed a contract with the Indian Army for the supply of the 'Vayuastra' loitering munition system under the Fast Track Procurement (FTP) category, valued at ₹ 563.35 crore.
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Growth Catalyst9/10
Governance Concern1/10
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NIBE Ltd - 535136 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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August 14, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block,
Dalal Street, Bandra-Kurla Complex, Bandra (East),
Mumbai – 400 001. Mumbai – 400 051.
Scrip Code: 535136 Symbol: NIBE
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure
Requirements) Regulations, 2015 – Press Release
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, in relation to the Company, please find enclosed herewith
Press release titled “NIBE Limited Signs Contract with Indian Army for Supply of
“Vayuastra” Loitering Munition System Under Fast Track Procurement (FTP) Route” dated
August 14, 2026.
Please acknowledge and take the same on your records.
Thanking you,
Yours faithfully,
For Nibe Limited
Komal Bhagat
Company Secretary & Compliance Officer
Membership No.: A49751
Office Address: Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India, 410501|
Website: www.nibelimited.com | Phone No: +91 02135 - 691799 | CIN No: L34100PN2005PLC205813
PRESS RELEASE
NIBE Limited Signs Contract with Indian Army for Supply of “Vayuastra”
Loitering Munition System Under Fast Track Procurement (FTP) Route
Company secures L2 vendor share valued at ₹ 563.35 crore, reinforcing its position as a leading
indigenous player in loitering munitions and precision strike systems
August 14, 2026 : NIBE Limited, today announced the signing of a contract with the Indian
Army for the supply of the “Vayuastra” loitering munition system, procured under the Fast
Track Procurement (FTP) category. NIBE has been awarded the L2 vendor share of the
contract, valued at approximately ₹ 563.35 crore.
The contract was formally concluded today in the presence of senior representatives from the
Indian Army and NIBE Limited, marking a significant milestone in the Company’s loitering
munitions programme and its continued contribution to the Government of India’s
Atmanirbhar Bharat and Make in India initiatives in the defence sector.
The Vayuastra system is a man-portable, precision-guided loitering munition designed for
high-value target engagement with minimal collateral impact. Induction of the system under
the FTP route reflects the Indian Army’s emphasis on rapid capability infusion using proven,
combat-ready, indigenous platforms.
The order is expected to contribute meaningfully to NIBE’s defence order book over
[FY/delivery timeline], with deliveries to commence in line with the contractual schedule
agreed with the Indian Army.
Key Facts
Client Indian Army
Platform Vayuastra – Loitering Munition System
Procurement Route Fast Track Procurement (FTP)
NIBE’s Position L2 (Second Lowest) Vendor
Contract Value (NIBE Share) ₹563.35 Crore (approx.)
Vertical NIBE Limited
About NIBE Limited
NIBE Limited is a diversified Indian engineering and manufacturing company with a growing
footprint in defence and aerospace, through its subsidiary NIBE Defence & Aerospace
Limited. The Company’s defence portfolio spans loitering munitions, rocket and missile sub-
systems, unmanned aerial systems (UAS), counter-UAS (C-UAS) solutions, and precision-
engineered components for the Indian Armed Forces, in line with the Government of India’s
Atmanirbhar Bharat vision for self-reliance in defence manufacturing.
Office Address: Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India, 410501|
Website: www.nibelimited.com | Phone No: +91 02135 - 691799 | CIN No: L34100PN2005PLC205813