Nibe Ordnance to tie up with Premier Explosives for ammunition, explosives production for domestic, global market

Mumbai [Maharashtra] (India), December 14 (ANI): Nibe Ordnance and Maritime Limited has announced signing an MoU with Premier Explosives Limited to form a Joint Venture to develop, manufacture and supply ammunition, explosive, aerospace and other defence products.

In a communication to the Bombay Stock Exchange, the firm Nibe Ordnance and Maritime Limited informed that "Global Munition Limited, a subsidiary of the Company