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An announcement from Marine Electricals (India) Limited ( (IN:MARINE) ) is now available.
Marine Electricals (India) Limited has secured new orders worth a total of Rs 21.83 crore (excluding taxes) from three customers across the marine, real estate and data center segments, strengthening its order book and diversifying revenue streams. The contracts include a 24‑month supply of navigation and communication systems for Udupi Cochin Shipyard’s UY175‑182 project, and shorter‑tenor supplies of power distribution systems to Prestige Estates Projects Limited and Equinix India Private Limited over six and four months respectively, with the company clarifying that these are not related-party transactions and positioning the disclosure as part of its corporate governance practices.
More about Marine Electricals (India) Limited
Marine Electricals (India) Limited operates in the marine and industrial electrical solutions space, supplying navigation and communication systems as well as power distribution systems to shipyards, real estate developers, and data center operators in India.
For an in-depth examination of MARINE stock, go to TipRanks’ Overview page.