The orders are set to be executed in tranches, with completion expected by 31 May 2026.
The promoter, promoter group, and group companies have no interest in the entity that awarded the orders.
The contracts do not fall under related party transactions, and therefore, the question of whether they are done at "arm's length" is not applicable.
NIBE trades in electronic components and fabrication materials and provides technical consultancy. It also provides services for the design, supply, erection, testing, and commissioning of low- and medium-voltage lines and substations on a turnkey basis.
The company's consolidated net profit declined 30% to Rs 7.64 crore on a 25.8% drop in total income to Rs 113.64 crore in Q4 FY25 over Q4 FY24.