New Launch6 Jan 2025, 11:21 pm
Nibe Ordnance and Maritime Ltd Granted 'Mega Project' Status for Proposed Manufacturing Facilities
AI Summary
Nibe Ordnance and Maritime Ltd has been granted the status of 'Mega Projects' for its proposed manufacturing facilities at Reed/Undi, Ratnagiri. The company will manufacture Shipyard Infrastructure and crafts with an annual capacity of 45,00,000 Tones. The project is estimated to cost Rs. 1200 crores. Under the Mega Project status, the company will receive benefits such as Industrial Promotion subsidy, reimbursement, and exemption from certain expenses/payments.
Key Highlights
- Nibe Ordnance and Maritime Ltd has been granted 'Mega Project' status for its proposed manufacturing facilities.
- The facilities are located at Reed/Undi, Ratnagiri.
- The company will manufacture Shipyard Infrastructure and crafts with an annual capacity of 45,00,000 Tones.
- The project is estimated to cost Rs. 1200 crores.
- Benefits under the Mega Project status include Industrial Promotion subsidy, reimbursement, and exemption from certain expenses/payments.