Power Distribution System Company Bags Rs 284.39 Crore Orders for Data Center and Marine Power Systems

Marine Electricals (India) Limited has announced the acquisition of fresh strategic orders worth Rs 284.39 crore (excluding Taxes), strengthening its foothold in the data center and marine infrastructure ecosystem. The Mumbai-based electrical engineering firm disclosed that the contracts include critical power distribution solutions for high-priority data center projects and maritime applications.

A major share of these orders comes from India’s expanding data center segment, where demand for reliable and scalable power infrastructure continues to accelerate. Marine Electricals has secured work from Digital Edge Dc (India) Private Limited to supply specialized power distribution systems for the BOM-2 Data Center Project, with execution expected within 6 to 8 months. In parallel, the company has been tasked by Crescon Projects & Services Private Limited to provide the power distribution system for the LBOM-12 Data Center Project, scheduled for swift completion in just 1 to 2 months.

The company has also maintained momentum in the maritime sector. Marine Electricals received an order from SHM Shipcare Private Limited to supply a power distribution system for marine use, with a delivery timeline of 4 to 5 months. The addition of marine contracts underscores the company’s dual presence in both digital and naval infrastructure.

In compliance with corporate governance norms, Marine Electricals filed the developments under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the contracts were awarded in the ordinary course of business. It also stated that none of the promoters or promoter group have any interest in these orders and that they are not classified as related party transactions, ensuring full transparency in commercial operations.

Marine Electricals (India) Limited, formerly Marine Electricals (I) Pvt. Ltd., is headquartered in Mumbai and operates from its facility in Andheri (East). The company delivers integrated engineering solutions for marine and industrial applications, specialising in sophisticated power distribution and control systems.

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 2,500 crore and the stock is up by 30.6 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.