Marine Electricals (India) Limited — New Orders, 25-11-2024: Bagging/Receiving of orders/contracts

Marine Electricals (India) Limited has secured orders totaling ₹12.93 Cr from Cochin Shipyard Limited and Kutch Copper Tubes Limited (part of the Adani Group). The order from Cochin Shipyard is for the supply of Base & Depot Spares for the ASW & SWC Project, with delivery scheduled over eight months. The contract with Kutch Copper Tubes involves supplying an LT Panel for the Mundra Site Project, expected to be fulfilled within four months. This development highlights growth opportunities for Marine Electricals without any involvement from promoters, reinforcing corporate governance practices. Investors should watch closely for potential revenue contribution from these contracts.