Marine Electricals bags orders worth Rs 80.77 Crore
MARINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.6 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Marine Electricals received orders totalling Rs 80.77 Crore via Letters of Intent and confirmed orders. Rs 43.52 Cr order from DXDC Chennai for supply, installation, testing and commissioning of power distribution systems. Rs 37.25 Cr order from Micron Semiconductor India for supply of power distribution systems. Delivery period for both is 4 to 5 months. Both amounts exclude taxes.
Adds near-term revenue visibility over the next 4 to 5 months; positive order momentum signals business growth.