Marine Electricals (India) Ltd has announced that it has secured fresh orders worth Rs 174.60 crore (excluding taxes), according to a disclosure filed with the stock exchanges .
The company received three major contracts, as detailed in the filing:
The first order has been awarded by Siemens Ltd for the supply of a power distribution system for a Global Hyperscaler’s JUI1A data-centre project. The delivery timeline for this project is 12 months.
A second order has been received from Hindustan Shipyard Ltd, under which Marine Electricals will undertake electrical works onboard vessel 11200. The project is scheduled to be completed over 36 months.
The third order is from Equinix India Pvt Ltd for the supply, installation, testing, and commissioning of power distribution systems for its MB3.2 data-centre project, with a delivery timeline of four months.
With these new contracts, Marine Electricals’ current order book stands at approximately Rs 966 crore, as stated in the filing. The company also confirmed that its promoter group has no interest in these projects, and the orders do not fall under related-party transactions.
