Marine Electricals Books Orders Valued at Rs 16.90 Crores from Key Clients
Marine Electricals (India) Limited has secured orders totaling Rs 16.90 crores, excluding taxes, from several major clients. The contracts involve the supply of various electrical equipment and systems, with deliveries scheduled over the next several months.The company reported receipt of orders from Afcons Infrastructure Limited, Knowledge Shipyard Private Limited, and Udupi Cochin Shipyard Limited. The acquired contracts cover different types of specialized equipment and have staggered delivery timelines.
The details of the orders received are as follows:
| Client Name | Product Supplied | Estimated Delivery Period |
|---|---|---|
| Afcons Infrastructure Limited | Power distribution system | 6 to 8 months |
| Knowledge Shipyard Private Limited | Switchboard and electrical equipment | 4 to 5 months |
| Udupi Cochin Shipyard Limited | Diesel generator | 22 months |
The company confirmed that the received orders do not involve promoter or promoter group interests, and the contracts are not related party transactions.
MARINE Stock Price Movement
Shares of Marine Electricals (India) Limited are rallying by 3.07% as of 2:12 PM today, with the stock currently trading at ₹207. In the live market, the stock has seen robust interest, drawing a total volume of 745,907 shares.Source:
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