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Marine Electricals Bags Orders Worth Rs 284.39 Crore for Data Center Projects
Marine Electricals (India) Limited has secured three significant orders totaling Rs 284.39 crore (excluding taxes). The contracts primarily involve the supply of power distribution systems for major data center projects, including BOM-2 and LBOM-12. These orders are expected to be executed within a short to medium-term timeframe of 1 to 8 months. This development strengthens the company's order book and highlights its growing presence in the high-demand data center infrastructure segment.
Key Highlights
Total order value of Rs 284.39 crore excluding taxes.
Major contracts from Digital Edge Dc and Crescon Projects for data center power distribution.
Execution timelines are relatively short, ranging from 1 to 8 months.
Includes an additional order from SHM Shipcare Private Limited for power distribution systems.
💼 Action for Investors
Investors should view this as a strong positive for revenue visibility over the next three quarters. The company's successful entry into the data center vertical provides a high-growth catalyst worth monitoring.