Nibe Ordnance and Maritime Ltd — Updates, 12-05-2025: Company Update

Nibe Ordnance and Maritime Limited has announced the incorporation of a new subsidiary, Global Explosives Limited, in which it holds a 76% stake through an initial cash investment of Rs. 7.6 lakh. The subsidiary will operate in the business of trading, supplying, and exporting TNT plants and related equipment, including machinery and components, targeting both Indian and selected international markets. This expansion aligns with the company’s focus on ordnance and maritime-related industrial activities, potentially broadening its operational scope and product offerings.