iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

NIBE bags new purchase orders worth Rs 21.33 crore

2 Dec 2022 , 02:48 PM

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.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • BEML
  • Bharat Earth Movers Limited
  • L&T
  • Larsen & Toubro
  • NIBE
  • NIBE Limited
  • NIBE News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.