India's NIBE jumps on defense pact with Elbit Systems

Elbit Systems

28/07/2025 06:10

** Shares of NIBE NIBE.NS jump 4% to 1,7127.8 rupees, eyes a 4-day rally

** NIBE, engaged in fabricating and machining of defence components, enters a technology collaboration agreement with Israel-based Elbit Systems

** Partnership will enable the manufacturing and supply of a defense system

** Stock up ~8.7% since listing on Feb 2025

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))