Marine Electricals Bags ₹80.77 Crore Orders

Marine Electricals has secured new power distribution orders worth ₹80.77 crore, strengthening its project pipeline. The orders include a ₹43.52 crore Letter of Intent from DXDC Chennai and a ₹37.25 crore confirmed order from Micron Semiconductor Technology India. Both projects involve the supply, installation, testing and commissioning of power distribution systems, with execution expected within four to five months. The fresh wins provide near-term revenue visibility for the company. The latest orders follow a ₹398.81 crore order win announced in August from Princeton Digital Group and Classic Electric, highlighting strong demand for the company's power distribution solutions, particularly from data-centre-related projects. With a growing order pipeline and rising demand for electrical infrastructure from data centres and industrial projects, Marine Electricals is seeing improving business visibility. Investors, however, will track order execution, margins and working-capital requirements going forward.