Marine Electricals Shares Price Rise 4% After Winning ₹174.6 Crore New Orders

Mumbai, November 13, 2025: Marine Electricals (India) Limited’s share price rose 4.05% to close at ₹247.75, up from the previous close of ₹238.10, following the announcement of new contract wins worth ₹174.60 crore. The strong buying interest reflected investor optimism over the company’s expanding order book. With a market capitalisation of ₹3,284.50 crore and a P/E ratio of 70.40, Marine Electricals continues to strengthen its market position. According to the company’s exchange filing, it has secured three major contracts across the data centre and marine segments, taking its total order book to approximately ₹966 crore.

Key Order Details

The company recently secured three significant contracts across its key business verticals. The first order, awarded by Siemens Limited, involves supplying power distribution systems for the JUI1A data centre of a global hyperscaler, with a delivery timeline of 12 months. The second contract, from Hindustan Shipyard Limited, is for executing electrical works for vessel 11200, expected to be completed within 36 months. The third order, from Equinix India, entails the installation of power systems for its MB3.2 data centre, scheduled for completion in 4 months. These new contracts further reinforce Marine Electricals’ strong capabilities in both the marine and data centre infrastructure sectors.

Company Statement

Marine Electricals stated that new orders reinforce its position in both marine electrical solutions and the higher-growth data center power distribution market. Management characterized that promoters are not interested in these contracts, and the intimation was issued under good governance principles.

Marine Electricals was first established as an expert player in marine electrical engineering. Later, the company developed into a diversified player offering electrical automation and related solutions to the marine, data center, industrial and commercial segments. Marine Electricals (India) Ltd trades on the NSE under the symbol MARINE. The company has been growing its presence in high-value EPC and power distribution projects.

REF: https://nsearchives.nseindia.com/corporate/MARINE_13112025120816_Regulation_30_Siemens_signed.pdf

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