Deals1 Oct 2025, 11:55 am
Nibe Ordnance and Maritime Ltd Subsidiary, Globe Forge Limited, Secures USD 64 Million Contract with Leading Global Defence Company
AI Summary
Nibe Ordnance and Maritime Ltd announced that its subsidiary, Globe Forge Limited, has entered into a contract with a leading global defence company to supply empty shells amounting to USD 64 Million (i.e. approx. INR 568.64 Crores). The contract will be executed in tranches by February 2028, subject to certain statutory & regulatory approvals from various authorities in their respective countries by both the parties.
Key Highlights
- Nibe Ordnance and Maritime Ltd's subsidiary, Globe Forge Limited, secures a significant contract with a leading global defence company.
- The contract is worth USD 64 Million (i.e. approx. INR 568.64 Crores).
- The supply of empty shells will be executed in tranches by February 2028.
- The contract is subject to certain statutory & regulatory approvals from various authorities in their respective countries.
- This deal marks a significant milestone for Nibe Ordnance and Maritime Ltd in the defence sector.