Marine Electricals Receives ₹398.81 Crore Orders; Shares Fall 2.50%

Mumbai August, 31: Marine Electricals (India) Limited has received orders worth a total of ₹398.81 crore, excluding taxes, for the supply of power distribution systems from Princeton Digital Group (India) Management Private Limited and Classic Electric.

According to the company’s exchange disclosure, one order was received from Princeton Digital Group for the supply of a power distribution system. The delivery period for this order is 18 months.

The second order has been received from Classic Electric for the supply of power distribution systems, with deliveries scheduled over six to eight months.

The company did not disclose the individual value of the two orders in the filing, but said their combined value stands at ₹398.81 crore, excluding applicable taxes.

Marine Electricals also said the orders were received in the normal course of business. It added that neither the promoters nor the promoter group has any interest in the entities that placed the orders, and the contracts do not fall under related party transactions.

Stock Market Snapshot

Marine Electricals share price was trading at ₹396.65, down ₹10.15 or 2.50%, as of 2:04:03 PM IST on August 31, 2026, according to the market data provided.

The stock saw a sharp decline soon after the market opened, falling from around ₹400 to below ₹390 during the first half-hour. It remained under pressure for much of the morning before recovering gradually towards the ₹390 level.

The stock picked up momentum after 1:30 PM and moved above ₹390 again. However, the recovery was not enough to erase the day’s earlier losses, leaving the Marine Electricals share price down 2.50% at the reported timestamp.

The market movement came despite the company announcing a sizeable order inflow during the session.

Power Distribution Orders Add To Marine Electricals’ Order Pipeline

The orders cover power distribution systems, an area linked to the company’s electrical infrastructure business. The two contracts also have different execution schedules, with the Princeton Digital Group order extending over 18 months and the Classic Electric order expected to be delivered within six to eight months.

The staggered delivery periods provide different execution timelines for the contracts. The filing, however, does not provide further details on the specific projects or the individual order values.

The company has classified both customers as unrelated parties. It also confirmed that there is no promoter or promoter group interest in the entities awarding the orders.

Marine Electricals Operates Across Electrical Infrastructure

Marine Electricals (India) operates in the electrical and engineering solutions space, with its business covering areas including power distribution and related electrical infrastructure.

The latest orders add ₹398.81 crore to the company’s disclosed business pipeline and involve the supply of power distribution systems to two separate customers.

The company made the disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as part of its reporting obligations to the stock exchanges.

Conclusion

Marine Electricals has secured a combined ₹398.81 crore in orders from Princeton Digital Group and Classic Electric for power distribution systems, with execution periods ranging from six months to 18 months.

While the order announcement adds to the company’s reported order pipeline, Marine Electricals shares remained under pressure on August 31, 2026. The stock was down 2.50% at ₹396.65 as of 2:04:03 PM IST.

Source:

• https://www.nseindia.com/get-quote/equity/MARINE/Marine-Electricals-(India)-Limited
• https://nsearchives.nseindia.com/corporate/MARINE_31082026133729_Signed_Classic__PDG_Group.pdf