Marine Electricals receives Rs8.16cr order from Bridge Datacentres; Stock jumps 4%

The order is for the supply of the MV Switchboards package for Project Byte. The delivery of the goods shall be made over a period of 8 months.

Apr 23, 2021 11:04 IST India Infoline News Service

Marine Electricals (India) has received an order from Bridge Datacentres (Mumbai) LLP for the supply of MV Switchboards package for Project Byte, amounting to Rs8.16cr (excluding GST). The delivery of the said goods shall be made over a period of 8 months.

Please note that none of the Promoter/Promoter Group has any interest in the aforesaid work and the said order/contract does not fall within the ambit of related party transactions.

At around 11.20 am, Marine Electricals Limited was trading at Rs67.75 per piece up Rs2.55 or 3.91% on the NSE.

Related Story

Open Free Demat Account (Rs699)