Introduction:
Stock under ₹2 has received “Mega Project” status for its ₹1,200 crore facility in Ratnagiri to manufacture shipyard infrastructure, benefiting from subsidies, SGST reimbursements, and exemptions on stamp duty, electricity, and PF contributions, boosting growth prospects.
Share Price movement of Nibe Ordnance and Maritime:
On January 7, 2025, Nibe Ordnance and Maritime Ltd opened at ₹1.44, reaching an intraday high and low of ₹1.44. The current price is ₹1.44, up 4.35% from the previous close of ₹1.38, with a market cap of ₹0.22 crore.
Nibe Ordnance and Maritime share price rise:
Nibe Ordnance and Maritime Limited announced receiving “Mega Project” status from the Department of Industries, Energy, Labour, and Mining for its proposed manufacturing facility at Reed/Undi Taluka, Ratnagiri. The project aims to produce shipyard infrastructure and crafts with an annual capacity of 45,00,000 tonnes, at an estimated cost of ₹1,200 crore.
As a Mega Project, the company will benefit from industrial promotion subsidies, reimbursing 100% of eligible investments within five years or SGST payments within 12 years, whichever is lesser. Additional benefits include exemptions on stamp duty, electricity, and PF contributions.
The status and benefits are subject to regulatory approvals and adherence to conditions outlined in the grant letter. This milestone reinforces Nibe Ordnance’s commitment to enhancing infrastructure development and aligning with the Package Scheme of Incentives Policy, 2019.
Recent news About Nibe Ordnance and Maritime :
On October 21, 2024, Nibe Ordnance and Maritime Ltd submitted a certificate under SEBI Regulation 74(5), confirming dematerialization and cancellation of share certificates for the quarter ending September 30, 2024, as verified by Link Intime India Pvt. Ltd.
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Ace investor holding of Nibe Ordnance and Maritime:
Jasleen Kaur Arora holds 11,950 shares of Nibe Ordnance and Maritime Limited, representing a 1% stake in the company. Her strategic investment showcases confidence in the company’s growth potential and its role in the expanding shipyard and defense infrastructure sector.
Valsalakumari holds 11,946 shares of Nibe Ordnance and Maritime Limited, amounting to a 1% equity stake. This investment highlights a strong belief in the company’s vision and ability to capitalize on opportunities within the shipyard manufacturing and infrastructure industry.
Stock performance of Nibe Ordnance and Maritime for Period of 1 week, 6 months and 1 year:
Nibe Ordnance and Maritime’s stock showed mixed performance: a 1-week return of -3.5%, a 6-month gain of 12.8%, and a 1-year impressive growth of 85.4%, reflecting strong long-term potential despite short-term fluctuations.
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Shareholding pattern of Nibe Ordnance and Maritime:
| Summary | Sep-24 | Jun-24 | Mar-24 |
| Promoter | 95.00% | 95.00% | 95.00% |
| FII | 0% | 0% | 0% |
| DII | 0% | 0% | 0% |
| Public | 5.00% | 5.00% | 5.00% |
About Nibe Ordnance and Maritime:
Nibe Ordnance and Maritime specializes in manufacturing shipyard infrastructure and crafts. With innovative capabilities, a focus on defense and maritime sectors, and strategic growth initiatives, the company is a key player in advancing India’s infrastructure and industrial development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
