NIBE bags new purchase orders worth Rs 21.33 crore

NIBE Limited informed that it has received purchase orders valued at Rs21.33 crore (inclusive of all taxes and duties).

The company has received one order from Larsen & Toubro Limited. The scope of work includes fabrication, assembly, and integration of components/parts. The order is valued at Rs19.88 crore. The company expects the order to be completed by September 30, 2023.

Further, NIBE has also received an order from Bharat Earth Movers Limited (BEML). The scope of the order from BEML is to supply track width mine plough fitment kit. BEML has agreed to pay a consideration of Rs1.45 crore for the said order.

NIBE expects to complete the said order by May 10, 2023.

At around 2.51 PM, NIBE was trading at Rs284, down by 3.19% against previous close of Rs293.35 on BSE. The counter hit intraday high and low of Rs303 and Rs278.80 respectively.

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