Marine Electricals (India) has announced a significant order win valued at ₹9 crore from Synergy Shipbuilders N Dock Works. The order involves the supply of a power distribution system, with delivery scheduled over the next 6-7 months.
The company has clarified that the order does not involve any related party transactions, and none of the promoters or promoter group have any vested interest in this contract. This disclosure aligns with the company’s commitment to maintaining good corporate governance.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).