NIBE Space Private Limited, a subsidiary of NIBE Limited, has secured a significant contract worth ₹12.15 crore (exclusive of GST) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL). According to the latest reports, the Letter of Award (LoA) was received for comprehensive digitization of MSEDCL's electrical distribution network across the Pune and Kokan region. The project involves tranches over a total duration of 42 months, covering comprehensive GIS-based survey, mapping, and digital data preparation of the electrical distribution network.
The contract encompasses GIS-based survey, mapping and digital data preparation of MSEDCL's electrical distribution network. As reported, the scope covers comprehensive digitization from 33 KV substations to end consumer service points, including both overhead and underground infrastructure for the electrical network. The project will be executed under the Pune and Kokan region operations, with the contract covering end-to-end digitization of MSEDCL's electrical distribution network.
This contract award represents a significant milestone for NIBE Space in the electrical infrastructure digitization sector. The project involves digitizing the entire electrical distribution network from transmission level to consumer connections, providing MSEDCL with modern digital infrastructure for network management and operations. This comprehensive GIS mapping project will enable MSEDCL to have a modern digital infrastructure for efficient network operations and management.
NIBE Ltd shares were trading at ₹1,438.25 on BSE compared to the previous close of ₹1,439.55, with the stock hitting an intraday high of ₹1,480.00 and low of ₹1,428.75. The stock recorded a net turnover of ₹12.24 crore during the trading session, with 8,405 shares traded across 548 trades. The positive market response reflects investor confidence in the company's ability to execute this significant infrastructure digitization project.
