MARINEMarine Electricals (India) Ltd.
Marine Electricals (India) wins ₹26 crore in orders for tug propulsion and power systems
- Order win
- electrical equipment
Reviewed byRachit TripathiBlacklitt Research
Marine Electricals (India) (NSE: MARINE) has awarded three orders totalling about ₹26.10 crore excluding taxes, it said in a filing on 06 Nov 2026. The orders cover a battery electric tug propulsion package and two power distribution systems. Its latest quarter reported total income of ₹263.46 crore.
Key highlights
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The orders in numbers
| Item | Detail |
|---|---|
| Total value | About ₹26.10 crore excluding taxes, for three orders |
| Order 1 | San Maritime India Private Limited; Integrated Electric Propulsion Package for a Battery Electric Tug; delivery over 12 months |
| Order 2 | Blue Star Limited; Power Distribution System for the Mondelez Project; delivery over 3-4 months |
| Order 3 | Princeton Digital Group (India) Management Private Limited; Power Distribution System; delivery over 8-12 months |
Order size and scope
The company says the three orders total about ₹26.10 crore excluding taxes. The filing gives the total only, not the value of each order.
Order 1 covers supply, system integration and commissioning of an integrated electric propulsion package for a battery electric tug, with delivery over 12 months. Orders 2 and 3 are for power distribution systems, with delivery over 3-4 months and 8-12 months respectively.
Delivery timing
The filing gives delivery periods for each order: 12 months for order 1, 3-4 months for order 2 and 8-12 months for order 3.
The company's latest quarter, Q1 FY27, reported total income of ₹263.46 crore. The three orders are small against that figure, at about 9.9% of it, which is a ratio of the total value to one quarter's income and not a forecast.
What the orders mean for Marine Electricals (India)'s shareholders
The company says it is providing the intimation as part of good corporate governance.
The filing does not say whether the orders are domestic or export, whether they are fixed-value or rate contracts, or what margin they carry. The next dated step is delivery, which the filing does not date.
Filed with NSE on . Reference: Original filing (PDF)
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