Marine Electricals Secures Orders Totaling Rs 44.22 Crores from Shipyards and Defence Clients
Marine Electricals (India) Limited has secured a significant order book, receiving contracts totaling Rs 44.22 crores (Excluding Taxes). These orders originate from major industrial players, including shipbuilding and related material organizations.The newly received business spans several clients and involves the supply of critical electrical equipment and systems. The projects are set for delivery over timelines ranging from four to fourteen months.
Key details of the orders include:
| Client Name | Product/Service Supplied | Delivery Period |
|---|---|---|
| Garden Reach Shipbuilders & Engineers Ltd | Electrical turnkey Package | 4-5 months |
| Udupi Cochin Shipyard Limited | Switchboard and electrical equipment | 4-5 months |
| Material Organisation (Vizag) | Integrated Bridge System | 12-14 months |
The contracts awarded to Marine Electricals are all non related party transactions. The company confirmed that the orders do not fall within the scope of related party transactions, and none of the Promoters or Promoter Group hold any interest in these specific works.
MARINE Stock Price Movement
As of 10:16 AM, Marine Electricals (India) Limited sheds 0.90% in live trading, with shares falling to ₹241.75 after dropping by ₹2.20. The equity is seeing notable intraday activity, as over 219,433 shares trade across the market session.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.
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