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.
Awaiting price reaction for this filing.
Marine Electricals has bagged orders worth Rs. 27.21 crores (excluding taxes) from Princeton Digital Group (India) Management Private Limited. The scope covers supply, installation, testing, and commissioning of a power distribution system. Delivery is scheduled over 6 months. The company clarified this is not a related party transaction and no promoter has any interest in the contract.
This is a regular business order from a private data centre operator and is positive for the order book. However, the 6-month delivery timeline means revenue recognition will be spread out, and the size of the order needs to be seen in context of the company's overall revenue before judging material impact on the stock.