Nibe Ordnance and Maritime Limited (formerly Anshuni Commercials Limited) has announced that its subsidiary, Globe Forge Limited, has signed a significant contract with a leading global defence company. The agreement involves the supply of empty shells worth USD 64 million, approximately INR 568.64 crores.
The contract, awarded by an international defence entity, is set to be executed in tranches and is expected to be completed by February 2028, subject to necessary statutory and regulatory approvals in the respective countries.
Nibe Ordnance and Maritime clarified that neither the promoters nor group companies have any interest in the entity awarding the contract, and this transaction does not qualify as a related-party transaction.
This deal marks a significant milestone for Globe Forge Limited, reinforcing Nibe Ordnance and Maritime’s growing footprint in the defence manufacturing sector.
