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.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.1 pts more 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 has bagged three new orders totalling Rs 60.44 crores (excluding taxes). The first is from ACG Universal Capsules for supply, installation, testing and commissioning of a power distribution system, to be delivered over 6-7 months. The second is from Agratas Energy Storage Solutions for supply and supervision of installation, testing and commissioning of a power distribution system, also over 6-7 months. The third, from DC Development Hyderabad, is for testing and commissioning of a power distribution system, to be completed within 3 months. All three clients are private sector companies, and the company confirmed there are no related party transactions involved. The orders are part of the company's core electrical and power distribution business.
The combined order inflow of Rs 60.44 crores provides incremental revenue visibility over the next 3-7 months and reinforces the company's order book in the power distribution segment, which may support near-term earnings. Investors should watch execution timelines and conversion of these orders into actual revenue.