Marine Electricals Secures ₹77.47 Crore Orders from GRSE & Goa Shipyard

Marine Electricals (India) Ltd has secured prestigious orders worth ₹77.47 crore (excluding taxes) from two major defence PSU shipbuilders Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited, for the supply of Integrated Bridge Systems.

According to the company’s disclosure under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, the scope of the project includes the delivery of high-end Integrated Bridge Systems, to be executed over 27 months.

The company also clarified that these are not related party transactions, and no promoters or promoter group entities have any vested interest in the awarded contracts. The disclosure further emphasized that the announcement is part of Marine Electricals’ commitment to transparent and responsible corporate governance.

Corporate Commentary

The company, through its official release signed by Company Secretary & Compliance Officer Deep Shah, highlighted that the intimation is shared in line with best governance practices, reflecting its dedication to ethical and transparent business conduct.

Strategic Outlook

This order further strengthens Marine Electricals’ foothold in the naval and marine segment, a core part of its growth strategy. By consistently winning orders from defence PSU clients, the company continues to solidify its position as a preferred vendor for complex electrical and automation solutions in the shipbuilding domain.

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https://nsearchives.nseindia.com/corporate/MARINE_26052025112818_GRSE_AND_GOA_SIGNED_Final.pdf