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 an order valued at Rs. 30.50 Crore (excluding taxes) from Mazagon Dock Shipbuilders Limited (MDL), a Government of India defence shipyard. The order involves supply of electrical equipment and the Alarm Monitoring and Control System (AMCS) for MDL's MPV (Multi-Purpose Vessel) Project. Delivery is scheduled over a period of 27 months, meaning revenue from this order will be recognized gradually over more than two years. The company clarified that this is not a related-party transaction, with no promoter interest involved.
This is a positive development, adding a meaningful defence-sector order to the company's order book and providing revenue visibility over the next ~2 years. MDL is a reputed PSU defence shipbuilder, which lends credibility, though the Rs. 30.50 Cr size is modest and will likely have a limited immediate impact on the stock price.