Newsletter
NIBE jumped more than 8% after it bagged a technology transfer license from DRDO for its modular bridging system.
The company is a defence and engineering technology firm that designs and manufactures specialised equipment and solutions for the Indian Armed Forces and government sectors.
The deets: developed by DRDO, the modular bridging system is a high-tech, mobile bridge that can be mechanically launched to let military vehicles cross obstacles quickly, think of it as a giant, portable Lego bridge for the army.
The system can deploy spans between 14 to 46 metres, supporting both tracked and wheeled vehicles in combat zones.
Why it matters: the deal gives the company access to battle-tested tech and a steady pipeline of government orders, a strong win in India’s push for defence indigenisation.
