The order will be executed in tranches and is expected to be completed by 30 November 2026.
The promoter/promoter group/group companies have no interest in the entity that awarded the order.
The order does not fall under related party transactions; hence, the question of arm’s length does not arise.
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 fell 2.15% to Rs 1,580.65 on the BSE.