Nibe Ordnance and Maritime Limited inks MOU with Department of Industries, Government of Maharashtra

Nibe Ordnance and Maritime Limited (Formerly known as Anshuni Commercials Limited) has signed a Memorandum of Understanding (MOU) with Department of Industries, Government of Maharashtra for Manufacturing of Shipyard Infrastructure and Crafts at Ratnagiri at an estimated investment of Rs. 1200 Crores.

The aforesaid evaluation is subject to various regulatory and legal permissions/ approval and clearances including land acquisition. We will announce any such development as and when any concrete decision is reached in such matters after evaluation.

Source : Equity Bulls

Keywords

NibeOrdnanceandMarities MOU DepartmentofIndustries GovernmentofMaharashtra Ratnagiri ShipyardInfrastructure