Order Win
Marine Electricals Receives New Orders Worth ₹76.38 Crore from STT Global Data Centres and Deepak Chem Tech
NSE
marine
BSE
not listed
Marine Electricals (India) Limited has secured new orders aggregating approximately ₹76.38 crore (excluding taxes). The contracts have been awarded by STT Global Data Centres India Private Limited and Deepak Chem Tech Limited for the supply, installation, testing, commissioning, and delivery of power distribution systems. Execution is expected over the next 12–18 months.
PRICE-SENSITIVE TRIGGER
Event: Receipt of multiple orders for power distribution systems from STT Global Data Centres India Private Limited and Deepak Chem Tech Limited.
Type: Order Win
Impact: Positive
Immediate Effect: Marine Electricals adds approximately ₹76.38 crore to its order book, providing revenue visibility over the next 12–18 months.
What Happened ?
Marine Electricals (India) Limited informed the National Stock Exchange that it has received orders totaling approximately ₹76.38 crore, excluding taxes. The contracts relate to power distribution systems and have been awarded by STT Global Data Centres India Private Limited and Deepak Chem Tech Limited. The company expects execution and delivery to be completed over a period of 12 to 18 months.
Key Details
Order Scope and Execution Timeline:
- STT Global Data Centres India Private Limited awarded a contract for supply, installation, testing, and commissioning of a power distribution system.
- Deepak Chem Tech Limited awarded a contract for supply of a power distribution system.
- Aggregate order value stands at approximately ₹76.38 crore excluding taxes.
- Both orders are expected to be executed over a period of 12–18 months.
- The contracts strengthen Marine Electricals’ presence in industrial and data centre infrastructure projects.
- The company confirmed that the contracts are not related-party transactions.
Note:
- Marine Electricals stated that none of its promoters or promoter group entities have any interest in the awarded contracts.
Risk Analysis
Summary:
- The orders enhance revenue visibility; however, execution remains subject to project timelines, customer requirements, and delivery schedules over the contract period.
Key Risks:
- Revenue recognition will depend on successful execution milestones.
- Project completion is spread over a 12–18 month period.
- Any delays in customer site readiness or supply chain execution may affect project timelines.
- Order values disclosed are approximate and exclude taxes.
Worst Case Scenario:
- Execution delays or project modifications could postpone revenue realization from the contracts.
Risk Level: Low
Company Commentary
- Marine Electricals has received orders totaling approximately ₹76.38 crore excluding taxes.
- One order has been received from STT Global Data Centres India Private Limited for supply, installation, testing, and commissioning of a power distribution system.
- Another order has been received from Deepak Chem Tech Limited for supply of a power distribution system.
- Deliveries and execution are expected to be completed within 12–18 months.
- The company confirmed that the contracts do not fall within the ambit of related-party transactions.
Official Exchange Filing: Marine Electricals (India) Limited
