The orders shall be executed in tranches and completed by 28 June 2026.
The promoter, promoter group, and group companies do not have any interest in the entity that awarded the orders.
Therefore, the contracts do not fall under related party transactions, and as such, the concept of arm’s length does not apply in this context.
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.
Shares of Nibe shed 0.61% to Rs 1,662.55 on the BSE.