Marine Electricals receives ₹426.87 Crore orders for defence equipment

By OEM Update Editorial March 11, 2021 2:10 pm IST

The total order stands for ₹426.87 Crore, which includes ₹290.28 Crs. from Marine Segment and ₹136.59 Crs from Industrial segments.

NSE listed Marine Electricals (India) Limited, an integrated technical solution provider in the field of electrical automation, announced the receipt of the letter of acceptance aggregating to Rs. 81.18 Crore from Garden Reach Shipbuilders & Engineers (GRSE) for the supply & service of Integrated Bridge System (IBS) for Anti-submarine Warfare Shallow Water Craft (ASW SWC) Project.

The overall Order Book for the Company stands at ₹426.87 Crore, which forms ~ 1.5 times FY20 marine revenue. Total Order book includes orders of ₹290.28 Crs. from Marine Segment and ₹136.59 Crs from Industrial segments.

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