Nibe Limited Refutes Allegations Overuryastra System, Confirms Compliance with Army Purchase Order
Pune, Maharashtra — Nibe Limited has strongly refuted inaccurate claims published in the article "Time to stop Mockery of Atmanirbharta in Defence" by Bharat Shakti. The company addressed allegations concerning its 300 KM Universal Rocket Launching System, 'Suryastra,' which was characterized using the term "Screwdriver giri." Nibe Limited asserted that these accusations are baseless and misrepresent official defense procurement frameworks and technical data.Nibe clarified that while the initial system architecture incorporates global partnerships under a March 2025 agreement, production is fundamentally rooted in domestic development. The company established a comprehensive ecosystem at its new 200-acre integrated Defence Manufacturing Complex in Shirdi, Maharashtra. This facility is intended to handle core engineering, indigenous structural integration, advanced rocket component localization, and the establishment of 155mm ammunition plants, aiming to build a permanent high-tech industrial base in India.
Adherence to Procurement Guidelines
The article's assertion that the procurement speed violates standards was also refuted by Nibe Limited. The Indian Army signed the contract with Nibe Limited in January 2026 for ₹ 293 crore. This agreement falls strictly under the Emergency Procurement (EP) framework, authorized by the Defence Acquisition Council (DAC). The company confirmed that the entire procurement process complied with all stringent financial and procedural audits mandated under the EP ceiling.Technical Achievements of Suryastra
Contrary to unverified reports referenced in the publication, Nibe Limited highlighted the successful completion of rigorous technical evaluations for the Suryastra system. These trials took place on May 18 and 19, 2026, at the Integrated Test Range (ITR) in Chandipur, Odisha.The system demonstrated exceptional accuracy across both its variants:
| Variant | Tested Range | Circular Error Probable (CEP) |
|---|---|---|
| 150 km tactical variant | - | 1.5 meters |
| 300 km deep-strike variant | - | 2.0 meters |
Nibe Limited stated that these metrics position Suryastra as one of the most accurate and lethal long-range guided rocket artillery platforms globally.
Dedicated to the vision of Aatmanirbhar Bharat, Nibe Limited specializes in next-generation strategic defense systems, heavy engineering, ammunition manufacturing, and space technologies, bridging the gap between traditional field artillery and advanced missile systems through local high-tech manufacturing and global tech integrations.
NIBE Stock Price Movement
Today, shares of NIBE Limited shed value, concluding the session at ₹1619 after a 1.6% decline from the previous close. The stock traded amidst considerable activity, logging a volume of 112,856 shares during the trading period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.