Marine Electricals (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MARINE · price
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Awaiting price reaction for this filing.
Marine Electricals (India) Limited has received an order valued at Rs. 17.36 crore (excluding taxes) from Allweiler India Private Limited for the supply of Control Panels. The delivery under this contract will be spread over a period of 36 months, meaning the order will be executed gradually over three years. The company has clarified that this order is not a related-party transaction, as the promoters have no interest in Allweiler India. This disclosure was made voluntarily under the company's good governance practices.
The order provides steady multi-year revenue visibility for Marine Electricals but is moderate in size, and the phased 36-month delivery means the financial impact will be spread out rather than immediate. For shareholders, this is a positive but routine business update, unlikely to cause a sharp stock reaction on its own.