Electrical company receives new order worth Rs 28,44,00,000 from Core GreenTech LLP
DSIJ Intelligence-1 / 29 Jul 2025/ Categories: Mindshare, Trending
The company has a market cap of over Rs 2,500 crore and the stock is up by 34 per cent from its 52-week low of Rs 138.90 per share.
Marine Electricals (India) Limited has received an order amounting to Rs 28.44 crore (Excluding Taxes) from Core Greentech LLP for the supply, installation, testing and commissioning of a power distribution system. The delivery shall be over a period of 5 months.
Earlier, the company secured orders worth Rs 14.33 crore (excluding taxes) from GRSE, Afcons Infrastructure, and Core GreenTech LLP. The GRSE order is for Remote-Controlled Valves for a multi-purpose vessel, with a 12-month delivery. Power Distribution Systems orders from Afcons Infrastructure and Core GreenTech LLP both have a 6-month delivery.
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.
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The company has a market cap of over Rs 2,500 crore and the stock is up by 34 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.