Marine Electricals (India) Limited has announced fresh orders totalling ₹174.60 crore (excluding taxes), strengthening its project pipeline across data centres and marine engineering.
The company disclosed the development under Regulation 30 after securing three contracts with varying delivery timelines.
The largest order comes from Siemens Limited for supplying a power distribution system for a Global Hyperscaler’s JUI1A data centre project. This contract, to be executed over 12 months, reinforces the company’s growing presence in high-capacity digital infrastructure supply systems.
Meanwhile, Hindustan Shipyard Limited has awarded Marine Electricals a 36-month contract for electrical works on board Vessel 11200, boosting the company’s marine engineering portfolio.
The third contract, from Equinix India Private Limited, covers the supply, installation, testing, and commissioning of power distribution systems for the MB3.2 data centre project, scheduled for completion within four months.
The company noted that with these fresh wins, its consolidated order book now stands at approximately ₹966 crore as of the announcement date.
Marine Electricals also clarified that none of the promoter or promoter group entities have any interest in these contracts, and they do not fall under related-party transactions. The disclosure, the company said, is aligned with its commitment to transparent corporate governance.
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As of November 13, 2025, at 1:47 PM, Marine Electricals share price is trading at ₹249.60 per share, reflecting a surge of 4.83% from the previous day's closing price.
With 3 new contracts across the data centre and marine segments, Marine Electricals strengthens its diversified order pipeline and reinforces its market positioning. With the receipt of these orders, the current order book position of the company as of the date is around ₹966 crore.
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Published on: Nov 13, 2025, 5:02 PM IST
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