Marine Electricals jumps after order win

15 Jul 2024

Marine Electricals (India) hit an upper limit of 5% at Rs 197.21 after the company secured a Rs 50 crore order to supply electrical panels for a project in Hyderabad.

The order from DC Development Hyderabad involves supplying FIM LV Panels and Skid for the HYD20 expansion project (DC 2 & 3) with a total capacity of 28.8 MW. The company will fulfill the delivery of the equipment over a period of 20 months.

Marine Electricals is a one-stop shop for electrical and communication needs. They design, build, and install systems that improve efficiency and sustainability for their clients and their clients' customers.On a consolidated basis, net profit of Marine Electricals (India) surged 206.04% to Rs 12.67 crore on 65.65% increase in net sales to Rs 237.08 crore in Q4 March 2024 over Q4 March 2023.