Power Distribution System Company receives orders totalling Rs 27.21 Crore

In a strong vote of confidence, the company has landed a major new contract worth Rs 27.21 crore.

This deal is made for the supply, installation, testing, and commissioning of power distribution systems. According to the company’s disclosure, these orders are expected to be executed and delivered over a span of six months, marking a solid addition to Marine Electricals’ project pipeline.

Order Details of Marine Electricals (India) Ltd

Marine Electricals (India) Ltd Share Price

The announcement of this significant order has been well‑received by the markets, leading to a noticeable uptick in the company’s share price.

As on March 10, 2026, 14:16:02 IST: Marine Electricals (India) Ltd shares were trading at Rs 188.71, up by Rs 4.06 (up by 2.20 per cent) from the previous close of Rs 184.65. The stock opened at Rs 189.80, reaching a high of Rs 192 and a low of Rs 185.58 during the trading session.

Year‑to‑Date (YTD) return of the stock stands at -10.85 per cent while the 1‑Year return is 14.69 per cent. 

About Marine Electrical (India) Ltd

Marine Electricals (India) Ltd is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. MEIL designs, manufactures, and installs a complete range of electrical equipment, including motor starters, motor control panels, power control centres, power distribution boards, generator control panels, and main switchboards for onshore vessels as well as offshore platforms.

MEIL is also a preferred vendor for switchboards, starters, control panels, automated power management systems (APMS), integrated platform management systems (IPMS), and integrated bridge management systems (IBMS) for the Indian Navy, and is among 3-5 approved vendors across India for these systems.

Disclaimer: The article is for informational purposes only and not investment advice.