Marine Electricals order book stands at Rs 441.3 crore with significant wins in 2 months

Marine Electricals (India) Limited, a company engaged in the provision of integrated electrical solutions, announced this morning that it has bagged orders worth Rs 40 crore in the last two months, i.e., in the months of April and May.   

Out of the total orders, the company received a significant order from Bridge Data Centres (Mumbai) LLP, a database management company. The order is worth Rs 25.65 crore while the company (Marine Electricals) will engage in the supply of power distribution systems and MV switch board package for Project Bytes.  

Another significant order was secured from Blue Star Limited. Marine Electricals will provide blokset panels for Bluestar's Salcomp Manufacturing  India project, which is one of the leading manufacturers of power supplies for Apple mobiles and other electronic devices.  The contract value amounts to Rs 3.5 crore.   

With these two orders, the total order book of the company now stands at Rs 441.3 crore, of which, orders worth Rs 288.6 crore came from the marine segment while Rs 152.7 crore from the industrial segments.   

At 1.42 pm, the share price of Marine Electricals (India) Limited was trading at Rs 77.25 on NSE, a decline of 1.59 per cent over its previous closing price of Rs 78.50.