Marine Electricals Wins ₹376.22 Crore Orders; Shares Rise 2.08%

Mumbai July, 24: Marine Electricals (India) Ltd has received three orders with a combined value of approximately ₹376.22 crore, excluding taxes, adding fresh business across power distribution systems and electrical equipment.

The company disclosed the orders to the National Stock Exchange on July 24, 2026, under Regulation 30 of the SEBI Listing Regulations.

The first order is from Siemens Ltd for the supply of a power distribution system for a hyperscaler project. Marine Electricals expects to complete deliveries under this contract over 21 months.

A second order has been secured from Titagarh Naval Systems Ltd for the supply of electrical equipment. The delivery schedule for this contract is spread across eight to 10 months.

The third order is from Princeton Digital Group for a power distribution system, with deliveries also scheduled over eight to 10 months.

The disclosure did not provide a separate contract value for each customer, instead reporting the three awards at an aggregate value of ₹376.22 crore.

Stock Market Snapshot

Marine Electricals share price was trading at ₹253 as of 2:55 PM IST on July 24, 2026, up ₹5.15, or 2.08%, according to exchange market data.

The stock spent much of the morning under pressure, falling towards ₹241 around 10:30 AM after starting the session near ₹243. It subsequently recovered, moving back towards the previous reference level by early afternoon.

The sharper move came after 1:30 PM. Shares jumped above ₹250 and briefly moved past ₹255 before giving up part of the advance. At ₹253, the stock remained firmly positive late in the session.

Orders Add Exposure To Data Centre And Naval Electrical Projects

The Siemens order gives Marine Electricals additional exposure to infrastructure supporting a hyperscaler project, where the company will supply the power distribution system. Hyperscale facilities typically require extensive electrical distribution infrastructure to support large computing and data-processing loads.

The Titagarh Naval Systems contract, meanwhile, adds to Marine Electricals’ business in electrical equipment for the marine and naval segment. The Princeton Digital Group award is another power distribution system contract, with an eight-to-10-month delivery window.

Marine Electricals did not disclose customer-wise revenue recognition schedules beyond the stated delivery periods.

The company also clarified that its promoters and promoter group have no interest in the awarded work and that the contracts do not fall within the ambit of related-party transactions.

Conclusion

The ₹376.22 crore aggregate order win gives Marine Electricals three separate execution opportunities spanning hyperscale infrastructure, naval electrical equipment and power distribution systems.

Execution periods range from eight months to 21 months, providing a staggered delivery schedule across the contracts. The market reaction was positive, with Marine Electricals shares trading 2.08% higher at ₹253 as of 2:55 PM IST on July 24, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/MARINE/Marine-Electricals-(India)-Limited
• https://nsearchives.nseindia.com/corporate/MARINE_24072026133342_Signed_Regulation_30_Bagging_of_Order.pdf