Marine Electricals (India) Limited announced that it has received an order worth Rs 37.92 crore (excluding taxes) from DC Development Noida Limited for the design, manufacture, and supply of low-voltage (LV) skid systems. The delivery of the order will be completed over a period of 10 months.
Order details:
- Project scope: Design, manufacture, and supply of LV skid systems.
- Order value: Rs 37.92 crore (excluding taxes).
- Delivery timeline: 10 months.
Marine Electricals clarified that the order is not a related party transaction and that none of the promoters or the promoter group has any interest in the contract. The company emphasized that this disclosure is part of its commitment to good corporate governance.
This order is expected to enhance the company’s revenue pipeline while reinforcing its position as a key player in the electrical and automation solutions industry.
TOPICS:
Marine Electricals