Marine Electricals (India) Ltd on Tuesday announced it has secured a fresh order worth ₹24.74 crore (excluding taxes) from Digital Edge DC (India) Private Limited. The contract pertains to the supply, installation, testing, and commissioning of a Power Distribution System for the company’s BOM1 project.
According to the disclosure made to the National Stock Exchange (NSE), the execution timeline for the project is set at four months. Marine Electricals confirmed that the order is not a related-party transaction and that none of the promoters or promoter group entities have any direct interest in the contract.
The order is expected to enhance Marine Electricals’ position in the power distribution solutions sector and contribute significantly to its revenue in the current fiscal year. The company shared this information in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, reinforcing its commitment to transparent corporate governance.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
Ahmedabad Plane Crash