Marine Electricals has successfully inaugurated and operationalised its new plant located in Vadodara, Gujarat, enhancing its manufacturing capabilities. The facility, situated at Industrial Premises, Plot No. 627, GIDC Savli, Manjusar, spans approximately 51,000 square feet. This expansion significantly increases the company’s assembly shopfloor space by 25%, bolstering its ability to meet rising customer demand and ensure timely product delivery.
The Vadodara plant’s operationalisation marks a strategic move for Marine Electricals, allowing the company to better serve its customers in the surrounding region. By expanding its infrastructure, the company is well-positioned to cater to increased demand and maintain its commitment to delivering high-quality products efficiently.
Marine Electricals has completed all necessary compliances for the Vadodara plant, demonstrating its dedication to good corporate governance. The company has communicated this development to the National Stock Exchange of India as part of its regulatory obligations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).