Marine Electricals (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Government or defence orderBusiness Updates View source PDF Explain this filing

MARINE · price

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Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹187.78

prior close

₹188.06

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.9% vs market

Industrial Products peers, median of 107sector-0.8%+2.5% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.5 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.8-0.1+1.9-0.8+2.5

Next day

+3.3+1.4+1.9+0.3+3.0

-1.6-1.3-0.3-2.6+1.0

-3.8-0.0-3.7-1.9-1.9

-6.3-0.9-5.4-2.5-3.8

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15d

+12.3+10.5+1.8+4.7+7.6

+8.4+12.2-3.8+5.1+3.2

+10.7+15.4-4.7+7.1+3.6

-4.1+13.1-17.2+3.6-7.8

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 107Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.