Marine Electricals bags new order worth Rs 21.90 crore; stock zooms ~3%

30 Nov 2022 , 02:47 PM

Marine Electricals (India) Limited informed that it has received an order for the supply and installation of LT Panels and Bus ducts from ACG Universal Capsule Pvt. Ltd., Aurangabad.

The order is valued at Rs21.90 crore (excluding GST). The company expects to deliver the said goods within a period of six months.

Marine Electricals is a provider of integrated technical services in electrical automation and information and communication technology solutions. It provides integrated and multidisciplinary total solutions that result in improved business processes and increased efficiency for customers and the customers they serve.

Marine Electricals also provides solutions that help to build a more sustainable society.

At around 2.43 PM, Marine Electricals was trading at Rs34.10, up by 3.18% against the previous close of Rs33.05 on NSE. The counter touched intraday high and low of Rs35.30 and Rs33.20 respectively.

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