Rs 10.22 Crore Contract Win for Electrical Market Leader: Big LV Panel Project Ahead!
Order Details: A Rs 10.22 Crore Win
Marine Electricals (India) Limited has announced that it received a significant order valued at approximately Rs. 10.22 crore (excluding taxes) from M/s. Prasa Infocom & Power Solutions Pvt. Ltd. The order involves the supply and installation of LV Panels, with delivery scheduled over the next three months.
Promoter and Related Party Information
The company has clarified that none of the promoters or the promoter group have any interest in this contract. Additionally, this order does not qualify as a related party transaction under regulatory guidelines. The disclosure has been made as part of Marine Electricals' commitment to good corporate governance practices.
About Marine Electricals (India) Limited
Marine Electricals is a well-established integrated technical services provider, specializing in electrical automation, information, and communication technology solutions. The company is a leading manufacturer of LV and MV Switchgear in India, holding a 50 per cent market share in the electrical segment. It is also recognized as a tier-1 electrical supplier and is an approved vendor for the Indian Navy, as well as Indian and global shipyards.
Conclusion
This new order reinforces Marine Electricals' strong market presence and ability to secure key projects. The company’s focus on maintaining transparency and good governance continues to strengthen its position in the industry.
Disclaimer: This article is purely for informational purposes and does not constitute investment advice.