Marine Electricals Secures New Orders Valued at Rs 208.72 Crores
Marine Electricals (India) Limited has announced that it has received new orders totaling Rs 208.72 crores (Excluding Taxes). The contracts involve supplying critical industrial systems to major infrastructure and maritime entities.The company secured two significant orders. One major contract was received from Adani Infra (India) Limited for the supply of a power distribution system, with delivery scheduled over a period of 12 to 14 months. The second order comes from Udupi Cochin Shipyard Limited for the supply of an Alarm Monitoring System, scheduled for delivery over a period of 24 months.
The details of the secured orders are summarized below:
| Client Name | Product Supplied | Estimated Value (Excluding Taxes) | Delivery Period |
|---|---|---|---|
| Adani Infra (India) Limited | Power Distribution System | Included in Total | 12 to 14 months |
| Udupi Cochin Shipyard Limited | Alarm Monitoring System | Included in Total | 24 months |
The company confirmed that the received orders do not constitute related party transactions, as neither the Promoters nor the Promoter Group have any interest in the aforesaid work.
MARINE Stock Price Movement
As of 1:14 PM, shares of Marine Electricals (India) Limited are shedding 0.09% in live trading, dipping ₹0.20 to reach ₹218.55. The stock is actively seeing high trading interest, with total volume climbing to 446,682 shares so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.