India's Nibe rises on 'mega project' status from Maharashtra govt

Nibe

18/09/2024 07:23

** Shares of defense machinery components maker Nibe
 NIBE.BO  rise 4.4% to 2117 rupees, set for best session in a
week
    ** Co gets 'mega project' status from Maharashtra government
to manufacture aircraft parts at MIDC, Shirdi; Project for
proposed investment of 12 billion rupees ($143.3 mln)
    ** Under the status, govt. will allot 300 acres of land to
co 
    ** Stock has more than tripled this year, on track for sixth
straight year of gains

($1 = 83.7170 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))