NIBE Group Opens Shirdi Defence Manufacturing Complex

27 May 2026 CW Team

The facility is designed as a next-generation ecosystem for systems including a 155mm ammunition shell plant with an annual capacity of 0.5 million (mn) shells, indigenous production of TNT and RDX, and installations for Bio-CNG and hydrogen fuel. It will also host manufacturing lines for rocket systems and energetic materials alongside autonomous defence platforms and space and satellite technologies. A ceremonial flag-off marked the deployment of Suryastra, described by the company as the first indigenous 300 km universal rocket launching system.

The company also reported successful trials of a 100 km loitering munition and presented the developments as evidence of expanding technological capability in next-generation warfare systems. The Raksha Mantri welcomed the scale of manufacturing and said the project would advance the national objective of Make in India and propel strategic self-reliance in defence production. The Chief Minister underlined the role of the new complex in Maharashtra’s emerging defence corridor and noted the significance of regional manufacturing clusters.

Company leadership outlined a long-term commitment to reduce import dependence in critical defence sectors and to position India as a global manufacturing hub for strategic systems. The project is expected to generate more than 3,000 direct employment opportunities and to foster innovation, collaboration with MSMEs and technology development across the supply chain. The group stated that these capabilities would support national security objectives and contribute to the realisation of Aatmanirbhar Bharat.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

NIBE Group inaugurated a state-of-the-art defence manufacturing complex at Shirdi, Maharashtra, in a ceremony on 23 May 2026 attended by the Raksha Mantri Rajnath Singh and the Chief Minister of Maharashtra Devendra Fadnavis. The event included senior military and government figures and marked a milestone in India’s indigenous defence manufacturing drive. The complex was presented as an integrated facility intended to support advanced artillery, missile and space technologies. The facility is designed as a next-generation ecosystem for systems including a 155mm ammunition shell plant with an annual capacity of 0.5 million (mn) shells, indigenous production of TNT and RDX, and installations for Bio-CNG and hydrogen fuel. It will also host manufacturing lines for rocket systems and energetic materials alongside autonomous defence platforms and space and satellite technologies. A ceremonial flag-off marked the deployment of Suryastra, described by the company as the first indigenous 300 km universal rocket launching system. The company also reported successful trials of a 100 km loitering munition and presented the developments as evidence of expanding technological capability in next-generation warfare systems. The Raksha Mantri welcomed the scale of manufacturing and said the project would advance the national objective of Make in India and propel strategic self-reliance in defence production. The Chief Minister underlined the role of the new complex in Maharashtra’s emerging defence corridor and noted the significance of regional manufacturing clusters. Company leadership outlined a long-term commitment to reduce import dependence in critical defence sectors and to position India as a global manufacturing hub for strategic systems. The project is expected to generate more than 3,000 direct employment opportunities and to foster innovation, collaboration with MSMEs and technology development across the supply chain. The group stated that these capabilities would support national security objectives and contribute to the realisation of Aatmanirbhar Bharat.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..