MoneyWorks4Me

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.

The Company is engaged in the business of Fabrication and Machining of components used in Defence Sector.

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