NIBE Limited Secures ₹ 563.35 Crore Contract from Indian Army for 'Vayuastra' Loitering Munition System
NIBE Limited has signed a contract with the Indian Army for the supply of the 'Vayuastra' loitering munition system, securing an L2 vendor share valued at approximately ₹ 563.35 crore. The contract, finalized on August 14, 2026, is procured under the Fast Track Procurement (FTP) category.This agreement marks a significant achievement for NIBE Limited in its loitering munitions programme and supports the Government of India's Atmanirbhar Bharat and Make in India defence initiatives. The formal contract signing included senior representatives from both NIBE Limited and the Indian Army.
The Vayuastra system is described as a man-portable, precision-guided loitering munition, designed for high-value target engagement with minimal collateral impact. The adoption of this system via the FTP route underscores the Indian Army's focus on rapid capability infusion using indigenous, combat-ready platforms.
This order is expected to substantially contribute to NIBE's defence order book as deliveries proceed in line with the contractual schedule set with the Indian Army.
A breakdown of the key details concerning the contract includes:
| 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.) |
NIBE Limited is a diversified Indian engineering and manufacturing company with a growing presence in the defence and aerospace sectors, managed through its subsidiary NIBE Defence & Aerospace Limited. The company's defense portfolio covers loitering munitions, unmanned aerial systems (UAS), rocket and missile subsystems, counter-UAS (C-UAS) solutions, and precision-engineered components for the Indian Armed Forces, aligning with the vision of self-reliance in defence manufacturing by the Government of India.
NIBE Stock Price Movement
On Friday, NIBE Limited shares slipped by 1.47%, closing down ₹22.00 from the previous close to settle at ₹1490.1. The stock traded a total volume of 98,084 shares during the session.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.
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