Marine Electricals rises after bagging Rs 284-cr orders

Marine Electricals (India) surged 8.01% to Rs 183 after the company announced that it has received orders worth Rs 284.39 crore from multiple clients.

The company has secured an order from Digital Edge DC (India) for the supply of power distribution systems for the BOM-2 Data Center Project. The order is to be executed over a period of 68 months.

Marine Electricals has also received an order from Crescon Projects & Services for the supply of power distribution systems for the LBOM-12 Data Center Project, with deliveries expected to be completed within 12 months.

In addition, the company bagged an order from SHM Shipcare for the supply of power distribution systems, which is to be executed over a period of 45 months.

 

Marine Electricals (India) is engaged in the manufacturing and sale of all types of marine and industrial electrical & electronic components like switchgears, control gears, etc., and is also engaged in the renewable energy sector, specifically solar. It also provides services like designing and fabricating for all types of electrical & electronic installations in India and abroad and undertakes annual maintenance contracts.

On a consolidated basis, the company's net profit of Marine Electricals (India) rose 29.64% to Rs 16.49 crore, while net sales rose 20.72% to Rs 222.25 crore in Q2 September 2025 over Q2 September 2024.

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