Marine Electricals Secures ₹27.21 Crore Power Distribution Order From Princeton Digital Group; Shares Rise 2.12%

Mumbai, March 10: Marine Electricals (India) Limited has secured new orders valued at ₹27.21 crore from Princeton Digital Group (India) Management Private Limited for power distribution systems. The development supported investor sentiment, with the company’s shares trading higher by 2.12% at ₹188.57 as of 12:52 IST on March 10, 2026.

Data Centre Power Distribution Contract Details

Marine Electricals (India) Limited informed the National Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that it has received orders totalling ₹27.21 crore, excluding taxes.

According to the regulatory disclosure dated March 10, 2026, the contract involves the supply, installation, testing and commissioning of power distribution systems. The order has been awarded by Princeton Digital Group (India) Management Private Limited, which operates digital infrastructure and data centre assets.

The company stated in the filing that execution of the contract is expected to be completed over a six month period.

Marine Electricals also clarified that none of its promoter or promoter group entities have any interest in the transaction. The company confirmed that the contract does not qualify as a related party transaction.

Share Price Reaction On March 10, 2026

Marine Electricals share price moved higher in trading following the disclosure of the order win.

As of 12:52 IST on March 10, 2026, the stock was trading at ₹188.57 on the National Stock Exchange, up ₹3.92 or 2.12% compared with the previous close of ₹184.65.

According to exchange trading data, the stock opened at ₹189.80 and touched a high of ₹192.00 while the session low stood at ₹185.58 so far.

Market participants often view order inflows in electrical engineering and infrastructure supply segments as indicators of near term revenue visibility, particularly when linked to digital infrastructure development such as data centres.

Company Background

Marine Electricals (India) Limited is engaged in the design, manufacturing and supply of electrical and power distribution equipment. Its product portfolio includes power distribution systems, integrated electrical solutions, lighting systems and related engineering services.

The company operates across multiple segments including marine electrical systems, industrial electrical infrastructure and commercial power distribution solutions. It supplies equipment and turnkey electrical solutions to shipyards, offshore facilities, infrastructure projects and industrial installations.

Over recent years the company has expanded its presence in data centre electrical infrastructure and digital facility power management systems, areas that require high reliability distribution and monitoring equipment.

Conclusion

The ₹27.21 crore order from Princeton Digital Group strengthens Marine Electricals’ order book in the digital infrastructure segment. The contract also highlights increasing electrical infrastructure demand linked to data centre expansion in India.

Investors responded positively to the announcement during the March 10, 2026 trading session, with the stock advancing modestly as the market absorbed the disclosure.

Source:

• https://www.nseindia.com/get-quote/equity/MARINE/Marine-Electricals-(India)-Limited
• https://nsearchives.nseindia.com/corporate/MARINE_10032026093535_PDG_DSC_Signed_2.pdf