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 totalling Rs. 19.35 crores (excluding taxes) from STT Global Data Centres India Private Limited. The scope of work involves supply, installation, testing, and commissioning of power distribution systems for STT's Pune DC05 and Noida DC02 data centre projects. Delivery is scheduled to be completed over 6-8 months. The order is not a related party transaction, and no promoter interest is involved. The company has disclosed this as part of good corporate governance practice.
This is a positive order win that strengthens the company's order book in the growing data centre infrastructure space. Investors should note that the order size relative to the company's overall revenue cannot be determined from the disclosure alone, so its materiality needs to be assessed against Marine Electricals' full-year revenue base.