Marine Electricals Secures Rs 376.22 Crores in New Orders Across Key Sectors
Marine Electricals (India) Limited has announced substantial new orders, securing contracts totaling Rs 376.22 crores Excluding Taxes. The deals involve supply of specialized systems and equipment to major clients across the technology and defense sectors.The aggregated orders detail significant business wins, spanning long-term projects with global corporations as well as domestic naval entities.
Marine Electricals secured three major orders from distinct clients:
- SIEMENS Limited: An order was received for the supply of a power distribution system intended for a Hyperscaler Project. The delivery period for this project is scheduled over 21 months.
- Titagarh Naval Systems Limited: This contract involves supplying Electrical Equipment, with the delivery estimated to take between 8 and 10 months.
- Princeton Digital Group: A deal has been signed for the supply of a Power Distribution System, which also carries a delivery timeline of 8 to 10 months.
The company's recent contract acquisitions are summarized in the table below:
| Client | Product Supplied | Delivery Timeline |
|---|---|---|
| SIEMENS Limited | Power distribution system (Hyperscaler Project) | 21 months |
| Titagarh Naval Systems Limited | Electrical Equipment | 8–10 months |
| Princeton Digital Group | Power Distribution System | 8–10 months |
Marine Electricals confirmed that none of the orders or contracts involve any interest from the Promoters or Promoter Group, and they do not fall under related party transactions.
MARINE Stock Price Movement
Marine Electricals (India) Limited shares are edging higher to ₹249.9 as of 1:39 PM, gaining 0.83% in live trading. The stock remains tightly contested during the session, having traded within an intraday range spanning from a low of ₹241 to a high of ₹250.3.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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