Nibe Ordnance and Maritime Ltd forms subsidiary company Global Explosives Ltd

Nibe Ordnance and Maritime Limited has announced that a subsidiary company in the name of Global Explosives Limited has been incorporated on May 10, 2025.

The subsidiary will carry on the business of trading, supplying, dealing in, and exporting of TNT (Trinitrotoluene) plants, including complete plant systems, manufacturing units, machinery, components, tools, instruments, spare parts, and all related equipment; and to engage in all forms of commercial activities connected with the sale, export, transfer, or distribution of such plants and their associated infrastructure, whether independently or through collaboration, dealership, agency, or representation arrangements, in India and in permitted international markets.

Global Explosives Limited is a subsidiary, with Nibe Ordnance and Maritime Limited holding a 76% stake.

Shares of Nibe Ordnance and Maritime LTD. was last trading in BSE at Rs. 5.04 as compared to the previous close of Rs. 4.95. The total number of shares traded during the day was 2 in over 1 trades.

The stock hit an intraday high of Rs. 5.04 and intraday low of 5.04. The net turnover during the day was Rs. 10.00.

Source : Equity Bulls

Keywords

NibeOrdnanceandMaritime INE425H01016 Subsidiary GlobalExplosives