Marine Electricals secures ₹398.81 crore in new orders

Marine Electricals India Limited has secured new orders totaling ₹398.81 crore (excluding taxes) for the supply of power distribution systems. The orders were received from Princeton Digital Group India Management Private Limited and Classic Electric.

The contract from Princeton Digital Group is expected to be completed within 18 months, while the order from Classic Electric has a timeline of 6 to 8 months. This development follows a period of significant stock performance for the company, which has seen returns of approximately 856% over the last five years.