Nibe Ordnance and Maritime’s subsidiary -- Global Munition has received purchase orders from one of the leading Infra and Defence company for supply of Standard Ammunition (40AMMOHE-FZ104 and 40 mm High Explosive (HE) Rounds with FZ 104) for a total consideration of Rs 218.70 crore (inclusive of all taxes and duties). The orders are to be executed in tranches on or before May 30, 2028.
Nibe Ordnance and Maritime (Formerly known as Anshuni Commercials) operates a chain of jewellery stores. The company buys and exports cut and polished diamonds.
