NIBE secures Rs 292.69 crore Indian Army order for Universal Rocket Launcher System

Exam-focused facts from the 7 January 2026 current affairs briefing.

Key facts

NIBE has secured a domestic defence contract worth Rs 292.69 crore from the Indian Army under the Ministry of Defence, Government of India.
The order involves the manufacturing and supply of ground equipment, accessories, ESP and ammunition for a Universal Rocket Launcher System capable of integrating multiple rocket types, including long-range rockets with strike capabilities of 150 km and 300 km.
The company is required to furnish a performance-cum-warranty bank guarantee equivalent to 10% of the total contract value within 30 days of signing the agreement.
The contract will be executed in tranches over a period of 12 months.
The total consideration of Rs 292.69 crore is inclusive of all taxes and duties.