Deals7 Sept 2024, 08:58 pm
NIBE Ltd Subsidiary Receives Purchase Orders Worth Rs. 50.01 Crores from Leading Infra & Defence Company
AI Summary
NIBE Ltd, a company listed on the stock exchange, has announced that its subsidiary, Nibe Defence and Aerospace Ltd, has received four purchase orders from a leading infra & Defence Company of India. The orders are for the supply, assembling and integration of various electronics equipment such as Drive units, Junction boxes, Amplifier units, DC units, Outrigger Control and Power Distribution Unit (OCPDU) and Power Distribution Unit (PDU-R P) etc. The total value of these orders is Rs. 50.01 crores, inclusive of all taxes and duties. The orders are to be executed in tranches on or before March 31, 2028.
Key Highlights
- NIBE Ltd's subsidiary received purchase orders worth Rs. 50.01 crores.
- Orders are from a leading infra & Defence Company of India.
- The orders are for the supply, assembling and integration of various electronics equipment.
- The orders are to be executed in tranches on or before March 31, 2028.
- This development could potentially impact the financial performance of NIBE Ltd.