Marine Electricals receives orders worth Rs10.95 crore; stock rises

20 Oct 2022 , 12:08 PM

Marine Electricals (India) Limited informed that it has received orders worth Rs10.95 crore from multiple clients.

The company has received an order from Ratilal Bhagwandas Construction Company (RBCC) for the supply of Panels amounting to Rs4.60 crore (excluding taxes) for Proposed Expansion, Phase II Pune.

Further, the company received an order from Shapoorji Pallonji and Company Private Limited for the supply of Power Distribution Panels, MCC panels, PMCC panels, APFC panels, VFD Panels & Control Panels amounting to Rs4.35 crore (excluding GST) for its Wat- Lucknow Stp & Sew Networks project located at Lucknow.

The company also received an order from Blue Star Limited for the supply of LT Panels amounting to Rs2.00 crore (excluding taxes) for the MRF – TBR & PCR Expansion – AC Works project located at Trichy (Radial) Naranamangalam, Perambalur.

The company expects to complete all of the stated projects within 2 months.

At around 12.11 PM, Marine Electricals was trading at Rs31.35, up by 0.32% against previous close of Rs31.25 on NSE.

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