NIBE

Jan 10 (Reuters) - NIBE Ltd NIBE.BO:

• NIBE - GRANTED MEGA PROJECT STATUS FOR MANUFACTURING FACILITY AT MIDC SHIRDI

• NIBE LTD - REVISED ESTIMATED COST OF PROJECT AT 8 BILLION RUPEES

Source text: ID:nBSE309rry

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Nov 6 (Reuters) - NIBE Ltd NIBE.BO:

• NIBE - EXECUTION OF LICENSING AGREEMENT FOR TRANSFER OF TECHNOLOGY

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** 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)

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NIBE Ltd NIBE.BO:

• NIBE LTD - MEGA PROJECT STATUS FOR PROPOSED MANUFACTURING FACILITIES AT MIDC, SHIRDI

• NIBE - 300 ACRES OF LAND WOULD ALSO BE MADE AVAILABLE TO CO BY MIDC, SHIRDI FOR PROJECT

• NIBE - MANUFACTURING FACILITY AT MIDC TO MANUFACTURE AIRCRAFT PARTS

• NIBE - PROPOSED INVESTMENT FOR PROJECT AT 12 BILLION RUPEES

Source text for Eikon: ID:nBSE9pxYKv

Further company coverage: NIBE.BO

Aug 23 (Reuters) - NIBE Ltd NIBE.BO:

• UNIT ENTERS INTO CONSORTIUM WITH A INDIAN COMPANY

• AIM TO ESTABISH INDIA'S SOVEREIGN EARTH OBSERVATION SATELLITE CONSTELLATION

Source text for Eikon: ID:nBSE49W8v0

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Aug 16 (Reuters) - NIBE Ltd NIBE.BO:

• GOT TWO PURCHASE ORDERS FOR A TOTAL CONSIDERATION OF 796.3 MILLION RUPEES

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** Shares of India's Nibe NIBE.BO up as much as 5% to hit session-high 1,575.60 rupees

** Weapon launcher maker reported Q4 consol net profit vs loss yr ago; revenue more than doubled

** Co also inked deal to provide equipment to Indian Navy

** Trading vols 7.6x 30-day avg

** YTD stock has surged 149% after a ~58% rise in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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May 21 (Reuters) - NIBE Ltd NIBE.BO:

• CO ENTERED INTO LICENSING AGREEMENT WITH DRDO

• AGREEMENT FOR TRANSFER OF TECHNOLOGY TO MANUFACTURE, SELL ANTI-TERRORIST VEHICLE IN INDIA

Source text for Eikon: ID:nBSE6FGS2z

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** Shares in Nibe NIBEb.ST rise 5%, having opened in the red, as optimistic outlook comments overshadow the Swedish heat pump maker's 70% slump in operating earnings

** Nibe expects demand to gradually improve in H2, and plans for its Climate Solutions business to be back at historical levels during 2025

** Kepler Cheuvreux says Q1 weakness was expected, but notes the company's positive commentary around the outlook

** The company also expands its cost savings programme

** Nibe's share fell more than 5% on Wednesday, ahead of the report, and are still down 15% YTD

($1 = 10.6730 Swedish crowns)

(Reporting by Greta Rosen Fondahn)

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April 22 (Reuters) - NIBE Ltd NIBE.BO:

• NIBE LTD - RESIGNATION OF CFO HEMANT DILIP WANI

• NIBE LTD - APPOINTED RAVI KUMAR PAREEK AS CFO

Source text for Eikon: ID:nBSE6LKS16

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** Goldman Sachs initiates Nibe NIBEb.ST with "sell" as it warns of continuous hurdles in the European market for the troubled Swedish heat pump maker

** Though challenged growth outlook in Europe has pushed consensus expectations downwards, GS views analysts' estimates on growth and outlook as still too high

** The broker forecasts 2024/25 sales 2/4% below consensus, citing its cautious outlook on Nibe's Element and Stoves businesses

** Nibe said in February it expected a weak first half of 2024 as a slowdown in the construction sector had weighed on demand for heat pumps

** GS sets TP at SEK 43, while Nibe shares slide 2.5% in morning trade on Tuesday to SEK 48 and are down 32% year to date

(Reporting by Boleslaw Lasocki)

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April 11 (Reuters) - NIBE Ltd NIBE.BO:

• RECEIVED PURCHASE ORDER FROM ORDEFENCE SYSTEMS

• RECEIVED PURCHASE ORDER WORTH 3.08 BILLION RUPEES

Source text for Eikon: ID:nBSE6RQtlm

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March 18 (Reuters) - Larsen and Toubro Ltd LART.NS:

• NIBE LTD - RECEIVED PURCHASE ORDER FROM LARSEN AND TOUBRO

• NIBE LTD - RECEIVED PURCHASE ORDER WORTH 218.3 MILLION RUPEES

Source text for Eikon: ID:nBSE89LMnD

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Feb 29 (Reuters) - NIBE Ltd NIBE.BO:

• ENTERED INTO LICENSING AGREEMENT WITH DIRECTOR, DEFENCE INSTITUTE OF PHYSIOLOGY AND ALLIED SERVICES

• LICENSING AGREEMENT FOR TRANSFER OF TECHNOLOGY OF SOLAR HEATED SHELTERS

Source text for Eikon: ID:nBSE8cQjTy

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Jan 16 (Reuters) - NIBE Ltd NIBE.BO:

• STATE GOVERNMENT OF MAHARASHTRA APPROVED ASSOCIATION OF CO AS KNOWLEDGE PARTNER FOR ORGANISING MAHARASHTRA DEFENCE EXPO-2024

Source text for Eikon: ID:nBSE6wt8YC

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Jan 8 (Reuters) - NIBE Ltd NIBE.BO:

• ACQUIRES 5% STAKE IN ANSHUNI COMMERCIALS

Source text for Eikon: ID:nBSE7J98wc

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Jan 5 (Reuters) - NIBE Ltd NIBE.BO:

• COMMENCED COMMERCIAL PRODUCTION OF 16 MTR. VMC MACHINE

Source text for Eikon: ID:nBSE4hf94m

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** Shares of weapon launchers maker NIBE Ltd NIBE.BO up 2.2% at 648 rupees

** Co signs memorandum of understanding with private firm Munitions India to develop ammunition

** Over 68,000 shares traded, 1.5x the 30-day avg volume

** Stock rose ~58% in 2023

(Reporting by Nandan Mandayam)

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Jan 1 (Reuters) - NIBE Ltd NIBE.BO:

• NIBE LTD - SIGNED A MEMORANDUM OF UNDERSTANDING WITH MUNITIONS INDIA LIMITED

• NIBE LTD - SIGNED MOU TO DEVELOP NEW GENERATION AMMUNITION, UPGRADE CONVENTIONAL AMMUNITION AND EXPLORE EXPORT OPPORTUNITIES

Source text for Eikon: ID:nBSE8q0xXc

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Nov 9 (Reuters) - NIBE Ltd NIBE.BO:

• NAMED BALAKRISHNAN SWAMY AS CEO

• SACHIN RAOSAHEB SHINDE RESIGNS AS CEO

• INDIA'S NIBE LTD SEPT-QUARTER CONSOL NET PROFIT 28.4 MILLION RUPEES VERSUS 11 MILLION RUPEES

• NIBE LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 411.8 MILLION RUPEES VERSUS 172.2 MILLION RUPEES

Source text for Eikon: ID:nBSE6gCHD

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Nov 1 (Reuters) - NIBE Ltd NIBE.BO:

• PURCHASE AGREEMENT FOR ACQUISITION OF 5% STAKE IN ANSHUNI COMMERCIALS

Source text for Eikon: ID:nBSE3zLwzr

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Sept 18 (Reuters) - NIBE Ltd NIBE.BO:

• APPROVED PROPOSAL FOR FUND RAISING UPTO 900.9 MILLION RUPEES

Source text for Eikon: ID:nBSEc2qf5S

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Sept 12 (Reuters) - NIBE Ltd NIBE.BO:

• TO CONSIDER PROPOSAL FOR FUND RAISING THROUGH PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE8j8T6F

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Aug 29 (Reuters) - NIBE Ltd NIBE.BO:

• SIGNED DEFINITIVE AGREEMENT TO ACQUIRE 51% STAKE IN KARMAYOGI MANUFACTURING

Source text for Eikon: ID:nBSE3v64vQ

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** Shares in Nibe NIBEb.ST fall 9% after the Swedish heat pump maker reported Q2 results below estimates, slower growth in demand in some markets

** Nibe's quarterly sales came in at 11.83 billion Swedish crowns ($1.08 billion), against 12.20 billion seen in a Refinitv poll analyts, and operating profit at 1.84 billion crowns, while analysts expected 1.91 billion on average

** Nibe says some of the markets have shown a slower pace in demand growth, while the company's sub-suppliers were not able to compensate for steep price hikes

** Nibe shares are down 20% year to date and are among bottom movers on STOXX 600 .STOXX

($1 = 10.9162 Swedish crowns)

(Reporting by Boleslaw Lasocki)

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May 22 (Reuters) - NIBE Ltd NIBE.BO:

• GETS PURCHASE ORDER FROM DYMAC GLOBAL FOR $75,245

Source text for Eikon: ID:nBSEbF4gvk

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Corrects to add dropped word in headline

** Shares of NIBE Ltd NIBE.BO rise 5% to 377.50 rupees

** Co bags order worth 168 mln rupees from Larsen & Toubro Ltd (L&T) LART.NS

** Order pertains to manufacturing of bridge centre module structure used in construction

** Trading volume is ~30,600 shares as of 12:38 p.m. IST, twice the 30-day avg - Refinitiv data

** Including session's gains, stock down 5.6% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 11 (Reuters) - Larsen & Toubro Ltd LART.NS:

• RECEIVED SEVEN PURCHASE ORDERS FROM LARSEN & TOUBRO

• ORDER FOR MANUFACTURING OF BRIDGE CENTER MODULE STRUCTURE

• GETS ORDERS WORTH 168 MILLION RUPEES

Source text for Eikon: ID:nBSEn9Z0H

Further company coverage: LART.NS

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