Marine Electricals Secures Rs 96.40 Crores Order for Power Distribution System from Princeton Digital Group
Marine Electricals (India) Limited has secured a significant order from Princeton Digital Group (India) Management Private Limited, totaling Rs. 96.40 crores (excluding taxes). The contract pertains to the supply of a power distribution System.The substantial order marks a key operational update for Marine Electricals. The contract specifies that the delivery of the power distribution goods is scheduled to be completed over a defined period of 12 to 14 months.
The transaction details highlight the company’s active engagement in supplying critical electrical infrastructure components. The company received the orders from Princeton Digital Group (India) Management Private Limited, reinforcing its position in the industrial supply sector.
MARINE Stock Price Movement
Shares of Marine Electricals (India) Limited are rallying strongly as of 2:51 PM, pushing the stock to ₹242.97, representing a gain of 2.08% in live trading. This upward momentum is underpinned by strong buying interest, as the stock trades on a significant volume of 1.06 million shares.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.