Marine Electricals (India) Ltd secured orders totaling ₹274.9 million, bolstering its marine electrical equipment portfolio for naval and offshore projects. This FY26 win enhances the BSE-listed firm's order book amid India's shipbuilding boom, targeting defense modernization and export markets for sustained revenue uplift.
Marine Electricals (India) Limited announced receiving multiple high-value contracts worth ₹27.49 crore combined, focusing on specialized electrical systems like switchboards, distribution panels, and automation solutions for marine vessels. These domestic orders align with rising demand from shipyards and EPC firms executing PSU-led naval upgrades.
Project Scope
Key deliveries include custom-engineered equipment for propulsion controls and power management, with execution slated for H1 FY26 to capitalize on PLI scheme incentives. The wins complement prior ₹100cr+ inflows, pushing annual order visibility past ₹500cr amid Atmanirbhar Bharat's maritime push.
Growth Trajectory
Shares eye breakout on "Marine Electricals orders 2026," "India shipbuilding stocks" searches; positions firm as defense infra play with 25% EBITDA margins potential. Builds on Q3FY26's robust bookings in renewables crossover.
Sources: BSE filings, Economic Times, Business Standard