Marine Electricals Secures New Orders Worth ₹76.38 Crore

Jyoti Rathi - Kolkata Bureau Jun 23, 2026 1,350 Views

Marine Electricals (India) Limited has secured new orders worth ₹76.38 crore from STT Global Data Centres and Deepak Chem Tech. These contracts, covering the supply and installation of power distribution systems, are part of the company's ongoing strategy to diversify its infrastructure order book over the next 18 months.

Marine Electricals (India) Limited, a leading integrated technical services provider, has announced the acquisition of new orders totaling approximately ₹76.38 crore. The contracts, disclosed to the National Stock Exchange of India (NSE) on June 16, 2026, represent a strategic expansion of the company’s footprint in the domestic infrastructure space.

The new orders underscore the company's growing role in supporting high-growth sectors, specifically data centers and industrial chemical processing. The contracts are set to be executed over a delivery timeline of 12 to 18 months, according to official regulatory filings.

Expanding Industrial Infrastructure Footprint

The latest order inflow follows a series of recent successes for the company, including a separate set of contracts valued at ₹44.22 crore awarded earlier in June for electrical systems in the defense and shipbuilding sectors. With these additions, Marine Electricals continues to bolster its order pipeline, diversifying its revenue streams beyond its core marine automation and electrical engineering business.

According to the disclosures provided to the exchange:

STT Global Data Centres India Private Limited: The contract involves the comprehensive supply, installation, testing, and commissioning of power distribution systems.
Deepak Chem Tech Limited: The agreement entails the supply of power distribution systems tailored for the client's chemical processing facilities.

The company has clarified that none of its promoters or promoter groups maintain any interest in the entities awarding these contracts, confirming that these agreements are at arm's length and do not constitute related-party transactions.

Strategic Context and Market Position

Marine Electricals has been active in expanding its capacity throughout the 2026 fiscal year. In addition to securing new business, the company recently completed the divestment of a 70% stake in its subsidiary, MEL Shipyard Private Limited, transitioning it into an associate company. This realignment is part of a broader corporate strategy to focus on core electrical automation and communication technology solutions.

As one of India’s prominent manufacturers of Low Voltage (LV) and Medium Voltage (MV) switchgear, the company remains focused on capitalizing on the increased procurement activity within India’s indigenous manufacturing programs.

Official Sources

The company confirmed the details of the ₹76.38 crore order book expansion through a filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed notifications were submitted to the National Stock Exchange of India by the company secretary.

Why It Matters

For investors and stakeholders, these consistent order wins provide visibility into the company’s future revenue streams. The focus on data center infrastructure aligns with India’s rapid digital transformation, while defense and shipyard contracts reinforce the company's traditional expertise. For the broader industry, the firm's ability to secure large-scale contracts reflects a stable demand environment for specialized electrical infrastructure despite broader market volatility.

Key Facts at a Glance

Total Order Value: Approximately ₹76.38 crore (excluding taxes).
Key Clients: STT Global Data Centres India Private Limited and Deepak Chem Tech Limited.
Scope of Work: Supply, installation, testing, and commissioning of power distribution systems.
Timeline: Deliveries scheduled over the next 12 to 18 months.