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Marine Electricals bags three orders worth Rs 36.24 crore

28 Apr 2023 Evaluate

Marine Electricals (India) has received three orders amounting to total of Rs 36.24 crore (excluding taxes). The company has received first order from GE Energy Power Conversion UK for supply of 690V Switchboards amounting to around Rs 6.84 crore (excluding taxes). The delivery of the said goods shall be made over a period of 7 months.

The company has bagged seconds order from Grasim Industries (Birla Paints) for supply and installation of IMCC Panels for Birla Paints Cheyyar & Chamrajanagar site amounting to Rs 11.50 crore (excluding GST). The delivery of the said goods shall be made over a period of 4 months.

Also, the company has secured third order from Tata Projects for supply of HT Panels for Tata Power Solar Project at Tirunelveli amounting to Rs 17.90 crore (excluding GST). The delivery of the said goods shall be made over a period of 4 months. 

Marine Electricals is one of the leading players offering comprehensive electrical solutions to Marine Segment as well as other Industries.

Peers
Company Name CMP
Havells India 1305.85
Siemens 3706.55
Apar Inds 11474.15
ABB India 7029.95
Waaree Energies 3471.45
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