3 days ago
Marine Electricals shares rise over 3% after company secures Rs 60.44 crore in new orders
By Aditya Bhagchandani Published on June 12, 2025, 09:56 IST
Shares of Marine Electricals (India) Ltd surged 3.48% to Rs 239.07 in early trade on June 12 after the company announced it had secured fresh orders worth Rs 60.44 crore (excluding taxes), as per a stock exchange filing.
The orders span three different clients and involve power distribution system projects: From ACG Universal Capsules Pvt Ltd , for supply, installation, testing, and commissioning of a power distribution system, with a delivery timeline of 6–7 months.
From Agratas Energy Storage Solutions Pvt Ltd , for supply and supervision during installation, testing, and commissioning of a similar system, also to be executed over 6–7 months.
From DC Development Hyderabad Ltd, for testing and commissioning work, to be delivered within 3 months.
The company clarified that these orders do not involve any related-party transactions and are part of its regular business expansion efforts.
As of 9:51 AM IST, the stock was trading at Rs 239.07, up Rs 8.05 from the previous close of Rs 231.02, with a market cap of Rs 31.39 billion.
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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.
