NIBE bags order worth Rs 25.18 crore from Goa Shipyard

8 Dec 2022 , 01:31 PM

NIBE Limited informed the bourses that it has received a Letter of Award from Goa Shipyard Limited for the supply of mild steel and high tensile steel plates with shot blasting and priming for the main hull and superstructure of a floating dock.

The company stated in its disclosure that the consideration of the project has been fixed at Rs25.18 crore (inclusive of GST).

NIBE has agreed to execute the complete order by February 14, 2023.

NIBE is a global company that creates and manufactures intelligent, energy-efficient indoor comfort solutions for a wide range of properties.

Goa Shipyard Limited is an Indian government-owned shipbuilding company located in Vasco da Gama, Goa.

GSL has designed, built, and commissioned a wide range of sophisticated vessels for various applications in the defence and commercial sectors for over four decades, with special expertise in building modern patrol vessels with steel and aluminium hull structures.

At around 1.33 PM, NIBE was trading at Rs299, down by 4.04% against previous close of Rs311.60 on BSE. The counter hit intraday high and low of Rs320 and Rs297 respectively.

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