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 received orders totalling Rs. 15.15 crores (excluding taxes) from Aurionpro Solutions Limited. The orders are for the supply of power distribution units. Delivery of the goods is scheduled to be completed over a period of 12 months. The company clarified that the order is not a related party transaction and that no promoter has any interest in the work. The disclosure was made voluntarily as part of good corporate governance under SEBI Listing Regulations.
The order adds Rs. 15.15 crores of revenue visibility over the next 12 months, providing some support to the order book. The size is modest for a small-cap company, so the stock impact is likely limited unless more such orders follow. The non-related party nature of the contract is a clean disclosure.