Power distribution system company receives order worth Rs 34.09 crore from Electromech Infraprojects Ltd
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The company has a market cap of over Rs 2,500 crore and the stock is up by 38 per cent from its 52-week low of Rs 138.90 per share.
Marine Electricals (India) Limited has received orders totalling Rs 34.09 crore (excluding Taxes) from Electromech Infraprojects Limited. The orders pertain to the supply of a power distribution unit. The delivery of these goods is scheduled to be completed over a period of 12 months.
Earlier, the company received orders totalling Rs 15.15 crore (excluding taxes) from Aurionpro Solutions Limited. The orders pertain to the supply of a power distribution unit. The delivery of these goods is scheduled to be completed over a period of 12 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.
In Q3FY26 results, the company reported net sales of Rs 210 crore and net profit of Rs 12 crore. The company has a market cap of over Rs 2,500 crore and the stock is up by 38 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.