Announced Tue, 16 Jun · 10:50 IST
Marine Electricals bags orders worth Rs 76.38 crores
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MARINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+8.0%1-day move
₹246.10
prior close
₹247.45
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.2+2.0+1.4+3.2+8.0+6.5+5.0+10.0+10.7+9.0-0.0+3.0——
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AI summary
Marine Electricals has received orders totaling approximately Rs 76.38 crores (excluding taxes). The orders include: (1) Supply, Installation, Testing and Commissioning of a power distribution system from STT Global Data Centres India, and (2) supply of a power distribution system from Deepak Chem Tech Limited. Both orders are scheduled for delivery over 12-18 months. The company clarified these are not related party transactions.
Likely market impact
New orders worth Rs 76.38 crores strengthen the order book; 12-18 month delivery window provides near-term revenue visibility from private sector clients.