Marine Electricals Secures Orders Valued at Rs 76.38 Crores from Major Clients
Marine Electricals (India) Limited has secured orders totaling approximately Rs 76.38 crores excluding taxes, stemming from key contracts related to power distribution systems. The new business includes projects spanning a timeline of 12 to 18 months with both clients.The company received two significant orders detailing the supply, installation, testing, and commissioning of power distribution systems.
Marine Electricals secured these contracts from:
| Client Name | Purpose of Order | Delivery Timeline |
|---|---|---|
| STT Global Data Centres India Private Limited | Supply Installation Testing and Commissioning of a power distribution system | 12 to 18 months |
| Deepak Chem Tech limited | Supply of a power distribution system | 12 to 18 months |
The contracts involve the delivery and execution over a period ranging from twelve to eighteen months. These projects underscore Marine Electricals’ role in supplying critical power infrastructure components for large industrial entities.
In relation to these contracts, the company confirmed that neither the Promoters nor the Promoter Group hold any interest in the awarded work, clarifying that the orders do not constitute related party transactions.
MARINE Stock Price Movement
Marine Electricals (India) Limited shares are gaining strong momentum in the live market, trading higher to ₹254.00 as of 10:53 AM after the stock climbed by 2.98%. The company's equity has seen significant activity today, with a volume of 190,161 shares and an intraday range fluctuating between a low of ₹244.00 and a high of ₹255.00.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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