Deals25 Mar 2025, 01:26 am
Nibe Ordnance Secures Rs. 218.70 Crore Order for Standard Ammunition from a Leading Infra and Defence Company
AI Summary
Nibe Ordnance and Maritime Ltd, formerly known as Anshuni Commercials Limited, has announced that its subsidiary, Global Munition Limited (Formerly known as Nibe Munition Limited), has received a purchase order from a leading Infra and Defence Company for the supply of Standard Ammunition (40AMMOHE-FZ104 and 40 mm High Explosive (HE) Rounds with FZ 104) for a total consideration of Rs. 218.70 Crores (inclusive of all taxes and duties). The order is to be executed in tranches on or before May 30, 2028.
Key Highlights
- Nibe Ordnance's subsidiary, Global Munition Limited, has secured a purchase order worth Rs. 218.70 Crores.
- The order is for the supply of Standard Ammunition (40AMMOHE-FZ104 and 40 mm High Explosive (HE) Rounds with FZ 104).
- The order has been issued by a leading Infra and Defence Company.
- The order is to be executed in tranches on or before May 30, 2028.
- This deal marks a significant milestone for Nibe Ordnance and Maritime Ltd in the defence sector.