Nibe Ltd enters into licensing agreements for transfer of technology

Nibe Limited has entered into a Licensing Agreements with (i) Vehicles Research & Development Establishment (VRDE), Ahmednagar, (ii) High Energy Material Research Laboratory (HEMEL), Pune, and (iii) Instruments Research & Development Establishment (IRDE), Dehradun, Defence Research & Development Organisation (DRDO), Ministry of Defence, Government of India for Transfer of Technology to manufacture and sell (i) Full Trailer of 70th Tank Transporter for MBT Arjun MK -1A (ii) OPX-Revilator and (iii) Laser Photoacoustic Spectroscopy (LPAS) respectively in India to Indian Armed Forces/Other Govt. Agencies (Central and State).

Shares of NIBE Ltd was last trading in BSE at Rs. 1933.30 as compared to the previous close of Rs. 1841.25. The total number of shares traded during the day was 52678 in over 1432 trades.

The stock hit an intraday high of Rs. 1933.30 and intraday low of 1855.00. The net turnover during the day was Rs. 100967658.00.

Source : Equity Bulls

Keywords

NIBE INE149O01018 LicensingAgreements