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 (India) Limited has secured new orders worth Rs 14.33 crores (excluding taxes) across three clients. The first order is from Garden Reach Shipbuilders & Engineers Limited (GRSE), a Government of India defence PSU, for remote-controlled valves with actuators for a multi-purpose vessel project, with delivery over 12 months. The second order is from Afcons Infrastructure Limited for a power distribution system, deliverable over 6 months. The third order is from Core GreenTech LLP, also for a power distribution system with a 6-month delivery timeline. The company has clarified that these are not related-party transactions.
Positive for the company as it adds Rs 14.33 crores to the order book and provides revenue visibility over the next 6-12 months. The GRSE defence order strengthens the company's credentials in the defence/shipbuilding segment and may support sentiment around the stock.