Nibe has signed a Letter of Intent (LoI) with HBE, South Korea to set-up a joint venture for forging facilities in India to manufacture defence and aerospace products. In proposed JV Nibe and HBE will hold in the ratio of 51:49. The aforesaid LoI is a non-binding subject to due diligence, various regulatory & legal permissions/approval and definitive agreement.
NIBE (Formerly known as Kavita fabrics) manufactures synthetic fabrics in the form of semi-finished sarees and dress materials. These products are offered in various designs as per customer requirements.
| Company Name | CMP |
|---|---|
| Hindustan Aeronaut. | 4910.00 |
| Bharat Electronics | 402.10 |
| DCX Systems | 178.65 |
| Astra Microwave Prod | 1841.00 |
| Zen Technologies | 1716.50 |
| View more.. | |
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