Marine Electricals (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Order Above 5pct RevenueBusiness Updates View source PDF

MARINE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹219.70

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₹212.38

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AI summary

Marine Electricals (India) Limited has received two orders totaling Rs 208.72 crores (excluding taxes). The first order from Adani Infra (India) Limited is for supplying power distribution systems with a delivery timeline of 12-14 months. The second order from Udupi Cochin Shipyard Limited is for supplying Alarm Monitoring Systems with a delivery period of 24 months. The company clarified that no promoters have any interest in these contracts and they are not related party transactions.

Likely market impact

These orders represent a significant contract win for Marine Electricals, providing revenue visibility over the next 2 years. The involvement of Cochin Shipyard, which primarily serves India's naval and defence sector, suggests potential exposure to defence-related projects.