NIBE Secures Rs 1.5 Billion Export Order for Rocket Launchers

27 May 2025 CW Team

NIBE Limited, a pioneering Indian defence systems manufacturer, has secured a major export Purchase Order valued at USD 17.52 million (approximately Rs 1.5 billion) from a globally recognised Israeli technology firm. The order includes the manufacturing and supply of Universal Rocket Launchers with a range of up to 300 kilometres—an advanced system being built in India for global deployment for the first time.

This achievement marks a significant milestone for both NIBE and India’s defence sector. It supports the Honourable Prime Minister’s Atmanirbhar Bharat and Make in India initiatives by showcasing indigenous capability in high-tech weaponry.

The rocket launcher system is among the most advanced in its class and is engineered to outperform global alternatives. The deal not only drives NIBE’s international expansion but also boosts India’s global standing in modern defence innovation.

NIBE continues to deliver high-impact solutions through global collaborations while serving both domestic and international clients. This order reinforces its role in enhancing national self-reliance and strategic defence capability.

Source:NIBE Limited press release

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..