Marine Electricals Gets New Orders of Rs 14.33 Crore
By Ankur Chandra | Updated at: Oct 8, 2025 01:43 PM IST
Mumbai, July 7, 2025: Marine Electricals (India) Limited (NSE: MARINE) has announced the securing of new orders totalling ₹14.33 crore (excluding taxes), further solidifying its position in the electrical and automation solutions sector. The company disclosed this update in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
New Orders Detail
The newly secured orders are from three prominent clients, with varying scopes of supply and delivery timelines:
| Client | Scope of Supply | Delivery Period |
|---|---|---|
| Garden Reach Shipbuilders & Engineers Ltd | Remote-Controlled Valves with actuators for vessel project | 12 months |
| Afcons Infrastructure Ltd | Power Distribution System | 6 months |
| Core GreenTech LLP | Power Distribution System | 6 months |
The combined value of these contracts, exclusive of applicable taxes, is ₹14.33 crore. These wins add to Marine Electricals’ already robust order book, which reached approximately ₹497 crore as of late 2024, with a significant portion (59%) from the marine sector and 41% from the industrial sector.
Recent Order Wins Highlight Strong Momentum
This latest announcement follows a series of significant order acquisitions for Marine Electricals, underscoring its continuous growth and strategic importance in both defence and industrial segments:
- May 2025: Secured orders worth ₹77.47 crore from the defence Public Sector Undertaking (PSU) shipbuilders Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited for the supply of Integrated Bridge Systems, to be executed over 27 months.
- June 2025: Received orders totalling ₹60.44 crore for Power Distribution Systems from ACG Universal Capsules and Agratas Energy Storage Solutions, along with an order from DC Development Hyderabad for testing and commissioning services. These are to be delivered within 3 to 7 months.
These consistent order wins from key players in the marine and industrial sectors demonstrate Marine Electricals’ strong capabilities and its role as a preferred vendor for complex electrical and automation solutions, aligning with India’s increasing focus on indigenous manufacturing and infrastructure development.
Regulatory Compliance and Governance
Marine Electricals (India) Limited confirmed that none of these contracts involve related party transactions, nor is there any involvement of promoters or promoter group entities. The company emphasised that this announcement is a voluntary disclosure, reflecting its commitment to strong corporate governance and transparency.
Share Price Performance
As of 2:10 PM, the shares of Marine Electricals (India) Limited were trading at ₹204.50, down by 0.00% or ₹0.01.
Future Outlook
Marine Electricals is steadily strengthening its position in India’s growing defence and infrastructure landscape. With ₹14.33 crore in fresh orders from GRSE, Afcons, and Core GreenTech, the company’s diversified and recurring business flow reinforces visibility. Recent wins worth over ₹150 crore in just the past few months show momentum in both marine and industrial segments. Backed by a robust ₹497 crore order book, increasing government push for domestic defence manufacturing and expansion into energy storage and automation, Marine Electricals is well-placed for sustainable growth. Key triggers ahead include execution pace, margin trends, and new client acquisitions.
About Marine Electricals (India) Ltd
Marine Electricals (India) Limited is a BSE and NSE-listed entity offering integrated electrical and automation solutions for marine, industrial, and commercial applications. The company serves major shipyards, infrastructure developers, and industrial clients across India. Its key offerings include control panels, power management systems, and turnkey automation solutions. The company continues to build a robust order book through strategic project wins in both the defence and infrastructure sectors.
REF:https://nsearchives.nseindia.com/corporate/MARINE_07072025132813_GSRE_Afcons_Core_Greentech_LLP_Signed.pdf
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