Award18 Aug 2026, 06:31 pm
Nibe Subsidiary Secures ₹12.15 Cr MSEDCL Project
AI Summary
Nibe Limited announced that its subsidiary, Nibe Space Private Limited, has received a Letter of Award from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for a project valued at ₹12,14,85,476 (exclusive of GST). The project involves GIS Survey, Mapping & Data Preparation of MSEDCL's distribution network across Pune and Konkan regions. The execution period for this contract is within 42 months, delivered in tranches. This award signifies a significant business development for the subsidiary and contributes to the company's ongoing projects in the infrastructure and utility sector.
Key Highlights
- Subsidiary Nibe Space Private Limited awarded ₹12.15 Cr project by MSEDCL.
- Project involves GIS survey and mapping of MSEDCL's distribution network.
- Contract to be executed within 42 months in tranches.
- Award is from a Government of Maharashtra undertaking.
- No promoter interest in the awarding entity.
Price Impact
More from NIBE