Nibe Ltd enters into supply contract with Indian Army worth Rs. 292.69 crores

Nibe Limited has entered in to Supply Contract with Indian Army, Ministry of Defence, Government of India for Manufacturing and Supply of Ground Equipment, Accessories, ESP and Ammunition for Universal Rocket Launcher System capable of integrating multiple rocket types including rockets striking at long ranges of 150Km and 300Km for a total consideration of Rs. 292.69 crore (inclusive of all taxes and duties).

Shares of NIBE Ltd was last trading in BSE at Rs. 1240.25 as compared to the previous close of Rs. 1135.65. The total number of shares traded during the day was 10799 in over 845 trades.

The stock hit an intraday high of Rs. 1249.00 and intraday low of 1133.15. The net turnover during the day was Rs. 13106192.00.

Source : Equity Bulls

Keywords

NIBE INE149O01018 SupplyContract OrderWin