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Marine Electricals (India) Ltd has secured new orders worth INR 208.72 crore from Adani Infra (India) Ltd and Udupi Cochin Shipyard Ltd for power distribution and alarm monitoring systems. The contracts involve the supply of power distribution systems to Adani Infra and alarm monitoring systems to Udupi Cochin Shipyard, with execution timelines ranging from 12 to 24 months. The company disclosed the contracts through a regulatory filing during the past week and stated that the transactions do not fall under related party arrangements. The order win comes amid rising infrastructure and maritime sector investments, including ongoing expansion across ports, shipbuilding, logistics and industrial infrastructure projects in India.
Marine Electricals (India) Ltd has secured fresh orders worth INR 208.72 crore from Adani Infra (India) Ltd and Udupi Cochin Shipyard Ltd, strengthening its order pipeline across infrastructure and marine engineering segments. Advertisement
According to a regulatory filing submitted by the company during the past week, the order from Adani Infra involves the supply of power distribution systems, with deliveries scheduled over a period of 12 to 14 months.
The second contract has been awarded by Udupi Cochin Shipyard for the supply of alarm monitoring systems, with execution expected over a 24-month period.
Marine Electricals stated in its filing that none of its promoters or promoter group entities have any interest in the awarded contracts and clarified that the transactions do not fall within the scope of related party transactions. The company added that the disclosure had been made as part of corporate governance requirements.
Marine Electricals (India) Ltd operates as an integrated technical services and manufacturing company providing electrical, automation, power distribution and communication solutions across marine, defence, industrial and commercial sectors. The company’s portfolio includes systems for ports, shipyards, data centres, airports, metro rail projects and commercial infrastructure developments.
The latest contracts come at a time when India’s maritime and infrastructure sectors are witnessing increasing investment activity. Udupi Cochin Shipyard, a subsidiary associated with Cochin Shipyard Ltd, has recently secured multiple tug and vessel construction contracts linked to port infrastructure expansion and marine logistics projects.
Adani Group entities have also been expanding investments across ports, logistics and marine infrastructure. Recent developments include orders placed for harbour tugs and marine support vessels under domestic shipbuilding programmes aligned with the government’s ‘Make in India’ initiative.
Following the disclosure, shares of Marine Electricals witnessed market attention during Monday’s trading session. According to market reports, the stock gained during intra-day trade after investors reacted to the new order inflow and execution visibility provided by the contracts.
Industry observers note that demand for specialised electrical and automation systems is increasing across India’s infrastructure and maritime sectors due to expanding investments in ports, logistics facilities, industrial infrastructure and shipbuilding capacity.
The new contracts are expected to contribute to Marine Electricals’ execution pipeline over the next two financial years as the company continues to expand its presence across industrial and marine engineering segments.
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