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NIBE's arm bags LoA worth Rs 12.58 crore from MSEDCL

05 May 2026 Evaluate

NIBE's subsidiary -- Nibe Space has received letter of award (LoA) amounting to Rs 12.58 crore (inclusive of all taxes and duties) from Maharashtra State Electricity Distribution Co. (MSEDCL), a Government of Maharashtra undertaking.

The LoA is for the execution of the project titled GIS Survey, Mapping & Data Preparation of MSEDCL’s Distribution Network. It covers comprehensive digitization of the network from 33 KV substations to end consumer service points, including both overhead and underground infrastructure. The order will be executed and delivered in tranches within 42 months.

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.

NIBE Share Price

1050.00 21.80 (2.12%)
06-May-2026 11:01 View Price Chart
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