NIBE Ltd inaugurates new plant at Pune

NIBE Ltd has inaugurated its new Plant 3 situated at Gut No. 277, At Post Nighoje, Tal Khed, Pune 410501 on its 2nd Foundation Day i.e., February 07, 2023.

The new Plant is expected to be operational by May 2023, and this will increase existing overall operational capacity by 80%. At the new Plant, the Company will install India's first state of the art 16 Meter and 12 Meter (2 Nos) VMC (Vertical Matching Centre) Machines, structure of modular bridge machining, indigenous Hull and Turret machining for tracked vehicles.

In addition to above, the new plant will also cater production needs of defence critical parts and launcher system components.

Shares of NIBE Ltd was last trading in BSE at Rs. 440.55 as compared to the previous close of Rs. 449.00. The total number of shares traded during the day was 9056 in over 278 trades.

The stock hit an intraday high of Rs. 468.00 and intraday low of 426.55. The net turnover during the day was Rs. 4061728.00.

Source : Equity Bulls

Keywords

NIBE INE149O01018 NewPlant Pune CapacityExpansion