Nibe Space Private Limited, a subsidiary of Nibe Limited, has officially received a letter of award from the Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). The contract, valued at ₹12.58 Crore including all taxes, involves the execution of a specialized project titled GIS Survey, Mapping & Data Preparation of MSEDCL’s Distribution Network. This domestic order is expected to be executed and delivered in various tranches over a total time period of 42 months.

The scope of work for this project includes a comprehensive GIS-based survey and digital mapping of the electrical distribution network across Maharashtra. It entails the digitization of the entire network, ranging from 33 KV substations down to individual consumer service points. The project requires capturing the true electrical topology for all feeders, covering both overhead and underground infrastructure, including HT poles, RMUs, and transformers. This initiative aims to achieve 100% digitization of MSEDCL’s network to facilitate better planning and fault analysis.

Nibe Limited, incorporated in 2005 and headquartered in Pune, is primarily involved in the business of fabrication and machining of critical components for the defense sector. The company also operates in the electric vehicle (EV) segment, manufacturing e-bikes, rickshaws, and batteries. In recent updates, the company has expanded its leadership team and concluded several strategic acquisitions to bolster its precision engineering capabilities. Nibe Limited continues to focus on defense platforms and systems, utilizing advanced technologies like robotic welding and laser cutting for mission-critical infrastructure.

In the quarterly financial results for the period ending March 31, 2025, Nibe Limited reported a revenue of approximately ₹113 Crore. This reflected a decline from the ₹149 Crore revenue reported in the preceding quarter (December 2024), while the net profit for the March 2025 quarter stood at ₹9 Crore. For the full financial year ending March 31, 2025, the company generated a total revenue of ₹512 Crore. The company’s shareholding pattern as of early 2026 shows that promoters hold approximately 53.38% of the company, with institutional investors holding around 9.04%.