Corporates

Marine Electricals secures orders worth Rs 14.33 crore from leading Indian firms

By Aman Shukla

Marine Electricals (India) Limited has announced that it has secured multiple orders with a total value of ₹14.33 crore (excluding taxes), marking another milestone in the company’s growth trajectory.

Breakdown of Orders

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  1. Garden Reach Shipbuilders & Engineers Limited
    Marine Electricals has received an order for the supply of Remote-Controlled Valves with actuators for a multi-purpose vessel project. The delivery for this project is scheduled to take place over the next 12 months.

  2. Afcons Infrastructure Limited
    The company has also bagged a contract for the supply of a Power Distribution System, with delivery planned within 6 months.

  3. Core GreenTech LLP
    A similar order for a Power Distribution System has been awarded by Core GreenTech LLP, also with a 6-month delivery timeline.

Marine Electricals clarified that none of the company’s promoters or promoter group members have any interest in the aforementioned contracts.

Aman Shukla

Aman Shukla is Senior Editor at BusinessUpturn.com, overseeing coverage across the Business, Finance, Corporate, and Stock Market segments. He specializes in communication and content writing, while managing editorial operations across these key sectors.

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