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. 28.44 Crore (excluding taxes) from Core Greentech LLP. The contract involves supply, installation, testing and commissioning of a power distribution system. Delivery is scheduled to be completed over a period of 5 months. The company clarified that the order is not a related party transaction and no promoter group has any interest in the work. The disclosure was made under SEBI Regulation 30 as part of good corporate governance practice.
This is a positive commercial development that adds to the company's order book and provides revenue visibility over the next 5 months. While the order size is meaningful, the stock impact will depend on whether the company consistently wins similar orders and the value relative to its overall annual revenue base.