Defence electricals company bags new orders worth Rs 5,71,00,000 from Indian Navy
The company has a market cap of over Rs 3,000 crore and the stock is up by 69 per cent from its 52-week low of Rs 138.90 per share.
Marine Electricals (India) Limited has received an order amounting to a total of Rs 5.71 crore, excluding taxes from the Indian Navy - Material Organisation for the SUPPLY OF INTEGRATED BRIDGE SYSTEM. The delivery of the said goods shall be made over a period of 6 months
Earlier, the company 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.
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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 over Rs 3,000 crore and the stock is up by 69 per cent from its 52-week low of Rs 138.90 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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