Larsen & Toubro (L&T) has issued four purchase orders totaling Rs 57.33 crore to the company. The order is for the fabrication of the bridge centre module structure as well as other modular bridge project assemblies and sub-assemblies. The order is to be carried out by March 2024.
NIBE is in the business of trading electronic components, fabrication materials, fabrication job work, and technical project consultancy, among other things. The company provides turnkey services in the design, supply, erection, testing, and commissioning of low and medium voltage lines, as well as substations.
In Q3 FY23, the company reported a standalone net profit of Rs 0.93 crore, compared to a net loss of Rs 2.05 crore in Q3 FY22. In the quarter ended December 31, 2022, net sales increased 95.4% year on year to Rs 15.18 crore.