Marine Electricals bags orders worth Rs 376.22 cr from SIEMENS, Titagarh, Princeton Digital
MARINE · price
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Marine Electricals (India) has received orders worth Rs 376.22 crores (excl. taxes). Orders include: power distribution system for a Hyperscaler Project from SIEMENS Limited (21-month delivery), electrical equipment from Titagarh Naval Systems (8-10 month delivery), and power distribution system from Princeton Digital Group (8-10 month delivery). No promoter interest and not related party transactions.
Strong order win from reputed clients including SIEMENS and a naval systems player. Rs 376 cr order book addition lifts near-term revenue visibility.