Marine Electricals (India) has announced the acquisition of orders worth ₹7.91 crore from STT Global Data Centres India. The orders involve the supply of a power distribution system, with delivery expected within 6-9 months.
The company clarified that the promoters or promoter group have no interest in this order, and it does not qualify as a related party transaction. This disclosure aligns with the company’s commitment to good corporate governance.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).