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 has bagged orders worth Rs. 115 crores (excluding taxes) from Larsen & Toubro Limited. The scope involves supply, installation, testing and commissioning of LT boards and branch panels for the Tata Semiconductor Manufacturing facility coming up at Dholera. Delivery is spread over 18 months, giving the company good near-term revenue visibility. The order is not a related party transaction, and the work is part of India's broader semiconductor manufacturing push. L&T is acting as the EPC contractor, while Tata Semiconductor is the end-user.
Positive for the stock — a sizeable order from a blue-chip client (L&T) tied to a high-profile project (Tata's Dholera fab) strengthens the order book and supports earnings over the next 18 months. It also signals the company's growing participation in India's semiconductor infrastructure build-out.