Marine Electricals (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MARINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Marine Electricals (India) Limited has received three orders totaling Rs 16.90 crores (excluding taxes). The orders include: (1) supply of power distribution system from Afcons Infrastructure Limited with 6-8 months delivery, (2) supply of switchboard and electrical equipment from Knowledge Shipyard Private Limited with 4-5 months delivery, and (3) supply of diesel generator from Udupi Cochin Shipyard Limited with 22 months delivery. The company confirmed that no promoters have any interest in these contracts and they are not related party transactions. All three orders are from shipyard and infrastructure companies in the marine/shipbuilding sector.
The Rs 16.90 crore order win represents positive news for the company, showing continued business acquisition in its core marine electrical equipment segment, with delivery spread across the next 4-22 months providing revenue visibility.