Nibe Ltd News Today

The Chief of Naval Staff, Admiral R Hari Kumar, expressed the Indian Navys commitment to achieving self-reliance ("aatmanirbharta") by 2047, emphasizing the need for industry support in manufacturing every ship, submarine, aircraft, and weapon system within India. He inaugurated a manufacturing plant of Nibe Defence and Aerospace, highlighting its role in strengthening Indias ability to produce indigenous weapon systems.

Nibe Ltd has received seven Purchase Order from Larsen & Toubro Limited for Manufacturing of Bridge Center Module Structure for a total consideration of Rs. 16,80,00,000/- inclusive of all taxes and duties.

NIBE Ltd has received Two Purchase Order from Larsen & Toubro Limited for Machining of Modular Bridge Structure and Assembly amounting to Rs. 16,80,00,000/-.

NIBE Ltd has received three purchase orders from Dymac Global Limited for manufacturing of Fuel storage tanks for a total consideration of $ 3,72,861/-, inclusive of all taxes and duties.

NIBE Ltd has received one purchase order from Larsen & Toubro Limited for assemblies and sub-assemblies of Heavy Fabricated Structures for a total consideration of Rs. 19,88,00,000/-, inclusive of all taxes and duties.

A meeting of the Board of Directors of NIBE Ltd will consider a proposal for fund raising by way of issue of equity shares / convertible warrants and / or any other instruments through preferential issue on a private placement basis.

Nibe Limited, formerly known as Kavita fabrics Limited has signed definitive agreement on December 09, 2022, to acquire the 100.00% stake in Indigenous Casting Technology Private Limited.

NIBE Ltd has received LoA from Goa Shipyard Limited for supply of Mild Steel and High Tensile Steel Plates with shot blasting and priming for Main Hull and Superstructure of Floating Dock for a total consideration of Rs. 25.18 crores.

Nibe Ltd has received purchase orders amounting to Rs. 21.33 crores inclusive of all taxes and duties from Larsen and Toubro Ltd and BEML.

At the Defence Expo 2022 being held at Gandhinagar, Gujarat, Nibe Limited has entered into MOUs.