Order Wins & Contracts
Marine Electricals Bags ₹115 Cr Order from L&T for Tata Semiconductor Facility
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BSE
NOT LISTED
Marine Electricals (India) Limited has secured orders worth ₹115 crore from Larsen & Toubro (L&T) for electrical systems in a semiconductor manufacturing facility at Dholera.
PRICE-SENSITIVE TRIGGER
Event: Order Win
Type: Revenue-generating contract
Impact: Positive
Immediate Effect: Boost to order book and entry into semiconductor ecosystem
Key Metrics
- Order Value: ₹115 Cr (Excluding Taxes)
- Execution Timeline: 18 months
Highlights
Sector Exposure: Semiconductor Manufacturing Infrastructure
What Happened ?
Marine Electricals has received Orders from Larsen & Turbo Limited (L&T) for Supply, Installation, Testing & Commissioning of electrical systems.
Key highlights
Project Scope
- LT (Low Tension) panels
- Branch panels
- Electrical infrastructure systems
End Use Project
- Tata Semiconductor Manufacturing Facility
- Location: Dholera, Gujarat
Execution Timeline
- Completion over 18 months
Strategic Importance
- Exposure to semiconductor ecosystem
- Participation in India’s chip manufacturing push
Compliance
- No promoter interest
- Not a related party transaction
Risk Analysis
Key Risks
- Long execution cycle (18 months)
- Margin pressure in EPC projects
- Dependency on project progress
Worst Case Scenario
Delayed execution → delayed revenue recognition
Risk Level: Medium
Company Commentary
- Order received in normal course of business
- Strengthens position in industrial & infra electrical segment
Official Exchange Filing: Marine Electricals (India) Limited