Nibe's arm receives LoA worth Rs 12.14 crore from MSEDCL

Nibe’s subsidiary -- Nibe Space has received Letter of Award (LoA) amounting to Rs 12.14 crore (exclusive of GST) from Maharashtra State Electricity Distribution Co. (MSEDCL), a Government of Maharashtra undertaking.

The LoA is for the GIS-based survey, mapping and digital data preparation of MSEDCL’s electrical distribution network. It covers comprehensive digitization of the network from 33 KV substations to end consumer service points, including both overhead and underground infrastructure for the electrical network under Pune and Kokan region.

The order will be executed and delivered in tranches within 42 months. Nibe (Formerly known as Kavita fabrics) manufactures synthetic fabrics in the form of semi-finished sarees and dress materials.

These products are offered in various designs as per customer requirements.