NIBE Secures Rs 2.93 Billion Defence Order From Indian Army

07 Jan 2026 CW Team

NIBE has secured a domestic defence contract worth Rs 2.93 billion from the Indian Army under the Ministry of Defence, marking a significant order win for the company’s defence manufacturing business.

The contract involves the manufacture and supply of ground equipment, accessories, electronic system packages and ammunition for a Universal Rocket Launcher System. The system is designed to integrate multiple rocket types, including long-range variants with strike capabilities of 150 km and 300 km.

Under the agreement, NIBE is required to submit a performance-cum-warranty bank guarantee equivalent to 10 per cent of the total contract value within 30 days of signing. The project will be executed in tranches over a 12-month period, with the contract value inclusive of all applicable taxes and duties.

The company stated that the order was awarded by a domestic entity and does not involve any related-party transactions. It added that neither the promoters nor promoter group entities have any interest in the awarding authority.

NIBE operates across defence manufacturing, electric vehicle systems and software development, with capabilities spanning fabrication, machining and assembly of critical components. Despite the order win, the company reported a consolidated net loss of Rs 84.4 million in Q2FY26, compared with a net profit of Rs 91.2 million in Q2FY25. Revenue for the quarter declined 46.04 per cent year-on-year to Rs 733.7 million.

Following the announcement, shares of NIBE rose 9.21 per cent to close at Rs 1,240.25 on the BSE on 2 January 2026.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..