Key Highlights
- Marine Electricals (India) Limited received orders aggregating to ₹398.81 crore, including applicable taxes.
- The orders are for the supply of Power Distribution Systems.
- Princeton Digital Group (India) Management Private Limited placed an order with an 18-month delivery period.
- Classic Electric placed an order with a delivery period of 6-8 months.
- The company stated that the orders are not related-party transactions.
- None of the promoters or promoter group members has any interest in the entities that placed the orders.
Marine Electricals (India) Limited has received orders aggregating to ₹398.81 crore, including applicable taxes, for the supply of Power Distribution Systems (PDS), according to a regulatory filing dated August 31, 2026.
The company received one order from Princeton Digital Group (India) Management Private Limited for the supply of Power Distribution Systems. The delivery of the ordered goods is scheduled to be completed over a period of 18 months.
Marine Electricals has also received an order from Classic Electric for the supply of Power Distribution Systems. The delivery period for this order is 6 to 8 months.
The company stated that the orders do not fall within the related-party transaction category. It also clarified that none of the promoters or promoter group members has any interest in the entities from which the orders were received.
The latest orders strengthen Marine Electricals’ order pipeline in the power distribution systems segment and add to its business activity in electrical infrastructure solutions.