"NIBE Subsidiary Secures Order Valued at Rs. 307.76 Crores"

Karmayogi Manufacturing Private Limited, a subsidiary of NIBE Ltd, has achieved a notable milestone with the receipt of a purchase order from Ordefence Systems Limited. The order pertains to the manufacturing and supply of assemblies and sub-assemblies, including the provision of 12 kits of small arms. The total consideration for this order amounts to Rs. 307,76,34,875 (Rupees Three Hundred Seven Crore Seventy-Six Lakh Thirty-Four Thousand Eight Hundred Seventy-Five Only), inclusive of all taxes and duties.

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