Marine Electricals Secures Rs 115 Crore Order from Larsen & Toubro for Semiconductor Facility
Marine Electricals (India) Limited has secured substantial orders totaling Rs 115 crores (excluding taxes) from Larsen & Toubro Limited. The contract pertains to the supply, installation, testing, and commissioning of LT boards and Branch panels for the Tata Semiconductor Manufacturing Private Limited semiconductor manufacturing facility located in Dholera.The company confirmed that the delivery of these goods is scheduled to be completed over a period of 18 months.
The order received from Larsen & Toubro is noted as not falling within the scope of related party transactions, and the company confirmed that none of the Promoters or Promoter Group have any interest in the aforementioned work.
MARINE Stock Price Movement
Marine Electricals (India) Limited is currently trading at ₹175.63, gaining 1.93% today in live trading, fueled by over 313,990 in volume. The stock is testing the upper band, hovering near its day high of ₹177.97 amid strong intra-day buying interest.Source:
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