Nibe Limited announced that the Company has executed 'the Exclusive Manufacturing Agreement' with Munition India Limited for export of the ammunitions. Purpose of entering into agreement: To manufacture and supply hardware to MIL for export of Ammunitions in product range of MIL. The Company and MIL will work together for export of ammunitions in product range of MIL for a period of 10 years from date of execution of `the Exclusive Manufacturing Agreement' or such extended period as may be mutually agreed between both the parties.