Order Win / Supply Contract
Marine Electricals Secures Orders Worth ₹208.72 Crore from Adani Infra and Udupi Cochin Shipyard
NSE
marine
BSE
NOT LISTED
Marine Electricals (India) Limited has secured fresh orders worth ₹208.72 crore excluding taxes from Adani Infra (India) Limited and Udupi Cochin Shipyard Limited for supply of power distribution and alarm monitoring systems.
PRICE-SENSITIVE TRIGGER
Event: Marine Electricals received multiple new domestic orders from infrastructure and shipyard clients.
Type: Order Win / Supply Contract
Impact: Positive
Immediate Effect: The new orders strengthen the company’s order book visibility and reinforce its positioning in industrial electrical and marine systems solutions.
Key Metrics:
- Total order value: ₹208.72 crore (excluding taxes)
- Client 1: Adani Infra (India) Limited
- Client 2: Udupi Cochin Shipyard Limited
- Delivery timeline for Adani order: 12–14 months
- Delivery timeline for shipyard order: 24 months
Highlight Metric:
- Key Highlight: Marine Electricals secured cumulative orders worth ₹208.72 crore across infrastructure and marine segments.
What Happened ?
Marine Electricals (India) Limited informed the stock exchange that it has received new orders aggregating to ₹208.72 crore excluding taxes.
The company received an order from Adani Infra (India) Limited for supply of power distribution systems. Additionally, it secured another order from Udupi Cochin Shipyard Limited for supply of Alarm Monitoring Systems.
The company clarified that the contracts are not related party transactions and no promoter or promoter group entity has any interest in the awarded work.
Key Details
Order Details:
- Order from Adani Infra relates to supply of power distribution systems.
- Order from Udupi Cochin Shipyard relates to Alarm Monitoring Systems.
- Both contracts are domestic in nature.
Execution Timeline:
- Adani Infra order delivery period: 12–14 months.
- Udupi Cochin Shipyard order delivery period: 24 months.
Strategic Importance:
- Strengthens Marine Electricals’ execution visibility across infrastructure and marine sectors.
- Reinforces company positioning in specialized electrical systems and monitoring solutions.
- Supports medium-term revenue visibility through phased delivery schedules.
- Expands business presence with reputed institutional customers.
Note:
- The company stated that the contracts do not fall under related party transactions and are being disclosed as part of good corporate governance practices.
Risk Analysis
Key Risks:
- Delay in execution or supply chain disruptions.
- Margin pressure due to raw material price volatility.
- Dependence on timely client approvals and project schedules.
- Working capital requirements may increase during execution phase.
Worst Case Scenario:
- Any material delay in execution, cost escalation, or operational bottlenecks could affect profitability and revenue recognition timelines.
Risk Level: Medium
Company Commentary
- Marine Electricals has received cumulative orders worth ₹208.72 crore excluding taxes.
- Deliveries for the contracts will be completed over 12–24 months.
- None of the promoter or promoter group entities have interest in these contracts.
- The company disclosed the orders as part of good corporate governance practices.
Official Exchange Filing: Marine Electricals Limited