Defence electricals company bags new orders worth Rs 14,33,00,000 from GRSE, Afcons Infrastructure & Core GreenTech LLP
DSIJ Intelligence-1 / 07 Jul 2025/ Categories: Mindshare, Trending
The company has a market cap of over Rs 2,800 crore and the stock is up by over 50 per cent from its 52-week low of Rs 138.90 per share.
Marine Electricals (India) Limited bagged new orders totalling Rs 14.33 crore, excluding taxes, from three distinct clients: GRSE, Afcons Infrastructure, and Core GreenTech LLP. One significant order came from Garden Reach Shipbuilders & Engineers Limited (GRSE) for the supply of Remote-Controlled Valves with actuators for a multi-purpose vessel project. The delivery for this particular order is slated to occur over 12 months.
Additionally, Marine Electricals (India) Limited received two separate orders for the supply of Power Distribution Systems. One order was awarded by Afcons Infrastructure Limited, with delivery expected within a 6-month timeframe. The other order for a Power Distribution System was placed by Core GreenTech LLP, also with a projected delivery period of 6 months. These new contracts highlight the company's continued activity in providing essential electrical solutions across various sectors.
Earlier, the company received an order amounting to a total of Rs 5.71 crore, excluding taxes from the Indian Navy - Material Organisation for the supply of an integrated bridge system. The delivery of the said goods shall be made for 6 months.
About the Company
Marine Electricals (India) Limited is a leading provider of electrical automation and information technology solutions for the marine and industrial sectors. With over 40 years of experience, the company offers a comprehensive range of products and services, including switchgear, control gears, integrated platform management systems, power generation and distribution, marine lights, motors, NavCom solutions and low and medium-voltage power distribution solutions for various industries. Marine Electricals is committed to providing high-quality, reliable and innovative solutions while supporting the 'Make in India' initiative.
The company has a market cap of over Rs 2,800 crore and the stock is up by over 50 per cent from its 52-week low of Rs 138.90 per share.
Disclaimer: The article is for informational purposes only and not investment advice.