Defence marine company bags new order worth Rs 30,50,00,000 from Mazagon Dock Shipbuilders Ltd

The stock has given multibagger returns of 118 per cent from its 52-week low of Rs 88.85 per share.

Marine Electricals (India) Limited has received an order amounting to Rs 30.50 crore (Excluding Taxes) from Mazagon Dock Shipbuilders Limited for the supply of electrical equipment and AMCS for the MPV Project. The delivery shall be over 27 months.

Earlier, the company had received an order amounting to Rs 8.14 crore (Excluding Taxes) from Data Centre Holdings India LLP for the supply of LV panels. The delivery shall be over six 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 2,637 crore. The stock has given multibagger returns of 118 per cent from its 52-week low of Rs 88.85 per share.

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