Electrical company receives new order worth Rs 28,44,00,000 from Core GreenTech LLP
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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.
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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.