Marine Electricals bags Rs 30.50 crore order from Mazagon Dock for MPV project
By Aman Shukla Published on May 2, 2025, 12:26 IST
Marine Electricals (India) Limited, a key player in the electrical equipment industry, has recently informed exchanges that the company secured an order worth Rs. 30.50 Crore (excluding taxes) from Mazagon Dock Shipbuilders Limited. This significant order pertains to the supply of electrical equipment and Automated Machinery Control Systems (AMCS) for the MPV (Multi-Purpose Vessel) Project.
The contract involves the delivery of electrical equipment and AMCS over a period of 27 months. This extended delivery schedule reflects the complexity and scope of the work required for the MPV Project, underscoring Marine Electricals' capability to manage long-term projects effectively.
In the exchange filing, the company shared, 'Marine Electricals (India) Limited has received order amounting to Rs. 30.50Cr (Excluding of Taxes) from Mazagon Dock Shipbuilders Limited for supply of electrical equipment and AMCS for MPV Project the delivery shall be over a period of 27 months.'
The company has emphasized that no promoter or promoter group has any interest in this order, ensuring transparency and aligning with good corporate governance practices. The contract is not categorized as a related party transaction, further ensuring clarity and integrity in business dealings.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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