NIBE Limited Wins Big Defence Contract: ₹26.67 Crore Boost! 🚀
Get ready for some exciting news from the Indian defence manufacturing space! NIBE Limited (BSE: 535136, NSE: NIBE) has just announced a significant boost to its order book, securing new purchase orders valued at a substantial ₹26.67 crores! 💰
These orders come from one of India’s leading Infra and Defence companies, highlighting NIBE’s growing prowess in this critical sector. What’s on the menu? NIBE will be manufacturing and supplying a range of specialized structures, including crucial components like Turret Crew Access Doors and Turret Ammunition Rack Access Doors. Think of these as vital parts for defence vehicles, showcasing NIBE’s precision engineering capabilities. 🛠️
This isn’t just a big number; it’s a testament to NIBE’s expertise and strengthens its position as a key player in India’s ‘Make in India’ defence initiative. The company expects to execute and deliver these orders in tranches, with completion targeted by June 2026. This provides a clear revenue visibility for the coming period. 🗓️
It’s always great to see Indian companies contributing significantly to our nation’s defence infrastructure. This new contract is definitely a positive development for NIBE Limited and its journey ahead. Keep an eye on this space! 👀
source: Corporate Announcement
Join our Telegram for instant updates!