Nibe Ordnance and Maritime has signed a Memorandum of Understanding (MoU) with Department of Industries, Government of Maharashtra for Manufacturing of Shipyard Infrastructure and Crafts at Ratnagiri at an estimated investment of Rs 1200 crore. The aforesaid evaluation is subject to various regulatory and legal permissions/ approval and clearances including land acquisition.
Nibe Ordnance and Maritime (Formerly known as Anshuni Commercials) operates a chain of jewellery stores. The company buys and exports cut and polished diamonds.