Power company bags new orders worth Rs 60,44,00,000 from ACG Universal Capsules, Agratas Energy Storage Solutions and DC Development Hyderabad

The stock has given multibagger returns of 124 per cent from its 52-week low of Rs 106.39 per share.

Marine Electricals (India) Limited has secured new orders totalling Rs 60.44 crore (excluding taxes) for various power distribution system services. The company received an order from ACG Universal Capsules Private Limited for the supply, installation, testing, and commissioning of a power distribution system, with delivery expected within 6-7 months. Similarly, an order from Agratas Energy Storage Solutions Private Limited involves the supply and supervision during installation, testing, and commissioning of a power distribution system, also with a 6-7 month delivery period. Additionally, DC Development Hyderabad Limited placed an order for the testing and commissioning of a power distribution system, slated for completion within 3 months.

Earlier, the company secured orders, totalling approximately Rs 82.44 crore (excluding taxes). This includes an order worth Rs 4.97 crore from Mazagon Dock Shipbuilders Limited for the supply of spares for the P15B Integrated Bridge System (IBS). Additionally, the company received orders/Letters of Award amounting to Rs 77.47 crore from Garden Reach Shipbuilders & Engineers Limited and Goa Shipyard Limited for the supply of Integrated Bridge Systems. The delivery of these goods is scheduled over 27 months.

About the Company

Marine Electricals (India) Limited is a leading provider of electrical automation and information technology solutions for the marine and industrial sectors. With over 40 years of experience, the company offers a comprehensive range of products and services, including switchgear, control gears, integrated platform management systems, power generation and distribution, marine lights, motors, NavCom solutions and low and medium-voltage power distribution solutions for various industries. Marine Electricals is committed to providing high-quality, reliable and innovative solutions while supporting the 'Make in India' initiative.

The company has a market cap of Rs 3,190 crore. The stock has given multibagger returns of 124 per cent from its 52-week low of Rs 106.39 per share.

Disclaimer: The article is for informational purposes only and not investment advice.