NIBE Limited Secures ₹563.35 Crore Contract with Indian Army for Vayuastra Munitions
NIBE Limited has signed a contract with the Indian Army for the supply of "Vayuastra" loitering munition systems. The company secured the L2 vendor share valued at ₹563.35 crore. The contract was concluded on August 14, 2026, and contributes to the 'Make in India' initiative.
A contract of this magnitude with a key government client like the Indian Army is expected to have a substantial positive impact on the company's revenue, order book, and overall financial performance.
The company has secured a significant contract with the Indian Army for a defense system, which is a positive development for its order book and market position.
NIBE Limited has announced the signing of a significant contract with the Indian Army for the supply of its "Vayuastra" loitering munition system. This procurement is being carried out under the Fast Track Procurement (FTP) category. NIBE has secured the L2 vendor share, valued at approximately ₹563.35 crore.
The contract, formally concluded on August 14, 2026, was signed in the presence of senior officials from both the Indian Army and NIBE Limited. This development marks a key milestone for NIBE's loitering munitions program and underscores its commitment to the Indian government's Atmanirbhar Bharat and Make in India initiatives within the defence sector.
The Vayuastra system is designed as a man-portable, precision-guided loitering munition intended for engaging high-value targets with minimal collateral damage. The induction of this system via the FTP route highlights the Indian Army's focus on rapidly integrating proven, combat-ready indigenous platforms.
This order is anticipated to contribute substantially to NIBE's defence order book over the upcoming fiscal year, with deliveries scheduled to commence according to the agreed contractual timeline.
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