Marine Electricals (India) Limited has secured a significant new order worth Rs. 19.35 crores (excluding taxes) from STT Global Data Centres India Private Limited.
The order involves the supply, installation, testing, and commissioning of a power distribution system for STT’s Pune DC05 and Noida DC02 data center projects. The delivery timeline for this order is planned over the next 6 to 8 months.
Importantly, the company has clarified that none of the promoters or promoter group members have any interest in this contract, confirming that it does not qualify as a related party transaction. This update has been shared in the spirit of transparent and responsible corporate governance.
TOPICS:
Marine Electricals