NIBE Limited Secures Major Rs 29.22 Cr Defence Order
Big news from NIBE Limited! The company has just announced a significant win, securing a purchase order worth a whopping Rs 29.22 crores from one of India’s leading Infra and Defence companies. This is a substantial boost for NIBE, highlighting its growing presence in critical sectors. 🚀
The order involves the supply of two key types of components:
- Constructional details trackway: This includes intricate processes like cutting, bending, pre-machining, and fabrication. Think of it as the foundational elements for large-scale structures.
- Breech Casing: A vital component, its production involves fabrication, precision machining, and specialized heat treatment. This suggests high-precision engineering work, often crucial for defence applications.
This is a domestic order, reinforcing NIBE’s role within India’s industrial landscape. The company is set to execute and deliver these orders in tranches, with the entire project expected to be completed by December 2026. This long-term engagement provides a clear revenue visibility for NIBE.
Such orders underscore the company’s capabilities in advanced manufacturing and its contribution to the nation’s infrastructure and defence needs. It’s always exciting to see Indian companies play a pivotal role in these strategic sectors! ✨
source: Corporate Announcement
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