Business Update4 May 2026, 06:21 pm
Nibe Space Bags ₹12.58 Cr Order from MSEDCL
AI Summary
Nibe Ltd's subsidiary, Nibe Space Private Limited, has received a Letter of Award from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for a project involving GIS survey, mapping, and data preparation of MSEDCL's distribution network. The order is valued at ₹12.58 Crore, inclusive of all taxes and duties. The project entails comprehensive digitization of the network from 33 KV substations to end consumer service points, covering both overhead and underground infrastructure. The order is to be executed in tranches within 42 months.
Key Highlights
- Nibe Space Private Limited secures ₹12.58 Crore order from MSEDCL.
- The project involves GIS-based survey and mapping of MSEDCL's distribution network.
- The order will be executed in tranches over a period of 42 months.
- The project includes digitization of electrical infrastructure from substations to consumer points.