NIBE Announces Successful Test Firing Of SURYASTRA Launcher

21 May 2026 CW Team

NIBE Limited (NIBE) has announced the successful test firing of its SURYASTRA Universal Rocket Launcher system following trials at ITR, Chandipur, Odisha on 18 and 19 May 2026. The company noted that it had received a purchase order in January 2026 under the Emergency Procurement of the Indian Army for the supply of the launcher and rockets with 150 km and 300 km ranges. The company stated the tests formed part of the contracted delivery schedule.

The rockets achieved exceptional precision across all ranges, with a circular error probable of one point five metres at the 150 km range and two metres at the 300 km range. These trial results validated SURYASTRA's long range precision strike capability and demonstrated consistency in guidance and control performance across extended flight envelopes. The outcomes mark a significant milestone in indigenous rocket artillery development by NIBE.

NIBE described the successful firings as evidence of maturation of the system and said the validation would support subsequent deliveries under the procurement arrangement. The company emphasised its focus on innovation, self reliance and make in India principles in advancing defence technology. The announcement highlighted the operational relevance of the system for the Indian Army.

The filing on 19 May 2026 to the stock exchanges conveyed the test results and purchase order information in compliance with listing obligations. NIBE is a leading Indian defence technology company engaged in the development, manufacturing and integration of sophisticated defence systems and plays a vital role in enhancing India's defence readiness and export capabilities. The company provided corporate compliance contact details in the regulatory filing. The company reaffirmed its commitment to meeting contractual timelines.

Infrastructure Energy

21 May 2026

Marsons Receives PGCIL Approval For Supply Of Power Transformers

Marsons has received vendor approval from Power Grid Corporation of India Limited for the supply of power transformers, making it the only PGCIL-approved Extra High Voltage transformer manufacturer in Eastern India and in ten neighbouring states, including West Bengal, Odisha, Jharkhand, Bihar, Assam, Meghalaya, Tripura, Manipur, Nagaland and Mizoram. The approval marks a milestone for the company and for the region's power infrastructure. PGCIL acts as the central transmission utility and is the country’s single largest procurer of high?voltage equipment, and vendor approval involves a rigo..

BDL Lays Foundation For Naval Systems Facility In Andhra Pradesh

Hon’ble Raksha Mantri Shri Rajnath Singh laid the foundation stone for Bharat Dynamics' new Naval Systems Manufacturing Facility at T. Sirasapalli village in Anakapalli district of Andhra Pradesh, marking a step in expanding indigenous defence production. The project advances the vision of Aatmanirbhar Bharat and aims to strengthen national manufacturing capabilities for naval systems. Bharat Dynamics Limited, established in 1970 under the Ministry of Defence, has become a principal defence manufacturer and a production partner of the Defence Research and Development Organisation. The compan..

Kaka Industries Reports Strong H2 And Fiscal Year FY26 Results

Kaka Industries reported consolidated net sales for the second half of FY26 of Rs 1,383.4 million (mn), an increase of 35.2 per cent year-on-year from Rs 1,023.3 million and a sequential rise of 10.8 per cent over the preceding half. Total expenditure for the half was Rs 1,196.6 mn, reflecting scale alongside revenue growth and disciplined cost management. The company attributed the half-year performance to a stronger product mix and operational leverage across manufacturing and distribution. EBITDA for H2 FY26 expanded to Rs 186.5 mn from Rs 133.4 mn a year earlier, a year-on-year gain of 39...