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 a new order valued at Rs. 7.30 Crore (excluding taxes) from DC Development Noida Limited. The scope of work involves supply, installation, testing, and commissioning of a power distribution system, with delivery scheduled over a period of 5 months. The company clarified that this is not a related party transaction and is being disclosed as part of good corporate governance practices.
This is a modest new order win that adds to the company's order book, though the relatively small size and short delivery window suggest limited immediate impact on revenue. Shareholders may view it positively as a continuation of business activity, but it is unlikely to materially move the stock on its own.