Marine Electricals (India) Limited informed in the exchange filing that the company has secured multiple orders worth Rs 5.26 crore. The first order is received from Hindustan Shipyard Limited for the supply of B&D Spares of IBS of DSV - Diving Support Vessel amounting to Rs. 2.21 crore. The order is to be completed within 8 months.
The company also received another order worth Rs 3.05 crore from BAM Digital Realty, Chennai for the supply, installation, testing & commissioning of PDU panels amounting to Rs 3.05 crore. The order is to be completed within 3 months.
Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions.
On Thursday, the stock opened at Rs 64.05, with a high and low of Rs 64.80 and Rs 62.10. The stock is currently trading at 62.60, down by 0.08 per cent.
The stock has a 52-week high of Rs 64.80 and a 52-week low of Rs 27.00. The company has a ROCE of 17.2 per cent and an ROE of 12.0 per cent. The company has a market capitalisation of Rs 795 crore.
In the last 6 months, the shares of the company have given about 70 per cent returns and in the last one year, the stock has gained more than 120 per cent.
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