Power distribution system company receives new order worth Rs 29,68,00,000 from Equinix India Pvt Ltd

Marine Electricals (India) Limited has received an order amounting to Rs 29.68 crore (Excluding Taxes) from Equinix India Private Limited for the supply, testing and commissioning of a power distribution system. Delivery shall be over a period of seven months.

Additionally, the company has incorporated a new Wholly Owned Subsidiary (WOS) in Singapore named MEL POWER SYSTEMS PTE LTD. The WOS was incorporated on October 6, 2025, and its Certificate of Incorporation was received on October 7, 2025. This new entity, which is in the business of Trading of Electrical Equipment and currently has a Nil turnover as it is yet to commence business operations, was established with the object of expanding the company's business globally. The acquisition involves a 100% subscription to the initial share capital at face value

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.

In Q1FY26 results, the company reported net sales of Rs 167 crore and net profit of Rs 12 crore. The company has a market cap of over Rs 2,900 crore and the stock is up by 56.6 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.