Mumbai, India – Powering ahead in the industrial and marine automation space, Marine Electricals (India) Limited has plugged into a fresh set of contracts valued at ₹60.44 crore, adding new voltage to its growth story.
The company announced a trio of significant orders involving the supply, installation, testing, and commissioning of sophisticated power distribution systems — a sign of rising demand for high-tech electrical infrastructure across industries.
🔌 Breaking Down the Power Deals
- ACG Universal Capsules Pvt. Ltd.
A full-spectrum order covering supply to commissioning of a comprehensive power distribution setup. Deadline: 6–7 months. - Agratas Energy Storage Solutions Pvt. Ltd.
Marine Electricals will oversee the supply and supervisory services during installation, testing, and commissioning. Timeline: 6–7 months. - DC Development Hyderabad Ltd.
A shorter-cycle project focused on testing and commissioning of a power distribution system, to be completed in just 3 months.
These wins add to a previously announced bundle of contracts worth ₹82.44 crore, which include:
- A ₹4.97 crore order from Mazagon Dock Shipbuilders for IBS (Integrated Bridge System) spares for Project 15B warships.
- A ₹77.47 crore bonanza from Garden Reach Shipbuilders & Engineers and Goa Shipyard Ltd. for full-fledged Integrated Bridge Systems — vital for modern naval command and control. Deliveries will stretch over 27 months.
🌐 Engineering India’s Future, One System at a Time
With over 40 years of expertise, Marine Electricals is no stranger to innovation. The company’s portfolio includes everything from:
- Integrated platform management systems
- Switchgears and control gear
- Marine lights, motors, NavCom, and power systems — tailored for both the marine and industrial sectors.
Firmly aligned with the ‘Make in India’ initiative, Marine Electricals is fast becoming a go-to name for customized, scalable, and reliable power solutions.
📊 Market Buzz: Multibagger Alert
The stock market has certainly taken notice. With a current market cap of ₹3,190 crore, the company’s shares have surged 124% from its 52-week low of ₹106.39, making it a standout multibagger performer in the mid-cap space.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.