NIBE inches up as its arm bags LoA worth Rs 12.58 crore from MSEDCL
NIBE is currently trading at Rs. 1046.05, up by 2.45 points or 0.23% from its previous closing of Rs. 1043.60 on the BSE.
The scrip opened at Rs. 1050.00 and has touched a high and low of Rs. 1058.85 and Rs. 1043.90 respectively. So far 1035 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2000.55 on 11-Jun-2025 and a 52 week low of Rs. 810.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1161.00 and Rs. 1035.00 respectively. The current market cap of the company is Rs. 1570.48 crore.
The promoters holding in the company stood at 53.39%, while Institutions and Non-Institutions held 9.01% and 37.59% respectively.
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.
