Nibe Ordnance and Maritime Limited's subsidiary announces order cancellation

The company had earlier announced the receipt of Letter of Intent dated June 14, 2024 by Globe Forge Limited (Formerly known as Nibe Ordnance Global Limited), a subsidiary of Nibe Ordnance and Maritime Limited (Formerly known as Anshuni Commercials Limited), for supply of 155 mm M107 Empty Shells to Munition India Limited (MIL) for its global customers.

The Company has received a communication from MIL, informing that due to cancellation of original contract between MIL and the ultimate buyer, Competent Authority of MIL has decided to cancel LOI dated June 14, 2024 for supply of 155 mm M107 Empty Shells without any liability/claims of any account against this.

Shares of ANSHUNI COMMERCIALS LTD. was last trading in BSE at Rs. 2.75 as compared to the previous close of Rs. 2.62. The total number of shares traded during the day was 1 in over 1 trades.

The stock hit an intraday high of Rs. 2.75 and intraday low of 2.75. The net turnover during the day was Rs. 2.00.

Source : Equity Bulls

Keywords

NibeOrdnanceandMaritime INE425H01016 GlobeForge OrderCancellation MunitionsIndia