Shares of Marine Electricals (India) are likely to remain in focus after the company announced that it has secured fresh orders worth Rs 96.40 crore from Princeton Digital Group (India) Management Private Limited.
According to the exchange filing, the order relates to the supply of power distribution systems, with execution scheduled over a period of 12 to 14 months.
The company clarified that the contract does not fall under related party transactions and that none of the promoters or promoter group entities have any interest in the awarded work.
Marine Electricals said the disclosure has been made as part of good corporate governance practices.
The latest order win is expected to strengthen the company’s order book and comes amid increasing investments in digital infrastructure and data centre-related projects across India.
Investors will closely monitor future execution timelines, margin profile and further order inflows going ahead.
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