Marine Electricals bags Rs 24.74 crore order from Digital Edge DC for BOM1 power system project
By Aditya Bhagchandani Published on May 13, 2025, 09:39 IST
Marine Electricals (India) Ltd on Tuesday announced it has secured a fresh order worth ₹24.74 crore (excluding taxes) from Digital Edge DC (India) Private Limited. The contract pertains to the supply, installation, testing, and commissioning of a Power Distribution System for the company's BOM1 project.
According to the disclosure made to the National Stock Exchange (NSE), the execution timeline for the project is set at four months. Marine Electricals confirmed that the order is not a related-party transaction and that none of the promoters or promoter group entities have any direct interest in the contract.
The order is expected to enhance Marine Electricals' position in the power distribution solutions sector and contribute significantly to its revenue in the current fiscal year. The company shared this information in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, reinforcing its commitment to transparent corporate governance.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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