Marine Electricals Wins Major Contract Worth Rs 141.74 Crores for Power Distribution System
Marine Electricals (India) Limited has secured a substantial order totaling Rs 141.74 crores (excluding taxes). The contract is with Princeton Digital Group (India) Management Private Limited, as announced by the company.The orders pertain to the supply, installation, testing, and commissioning of a power distribution system. Marine Electricals expects to complete the delivery of these goods over a period spanning 10 months.
The order from the client was confirmed with the understanding that it does not fall under related party transactions. The company stated that none of the Promoters or Promoter Group have any interest in this particular work.
MARINE Stock Price Movement
As of 10:35 AM, shares of Marine Electricals (India) Limited are shedding value in live trading, slipping by 1.07% and currently standing at ₹267.05.The equity has traded briskly today, with a volume tally reaching 412,678 shares.
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