That is the second order from Backyard Attain Shipbuilders and Engineers for the corporate in lower than two weeks.
Purchase / Promote Marine Electrical share
Shares of Marine Electricals (India) Ltd. gained practically 5 % in intraday commerce on Friday after the corporate knowledgeable the bourses about receiving a contract for base and depot (B&D) spares price Rs 16.97 crore.
The corporate secured an order for B&D spares for an built-in bridge system (IBS) at Backyard Attain Shipbuilders and Engineers Ltd.’s Yard 3022-24 Venture 17A. The supply of the products can be accomplished over the following two years.
That is the second order from Backyard Attain Shipbuilders and Engineers for the corporate in lower than two weeks. On December 30, 2022, Marine Electricals India bagged orders price Rs 14.07 crore from Backyard Attain Shipbuilders in addition to Larsen and Toubro.
Final month, the corporate additionally obtained an order price Rs 8.78 crore from L-3 Communications India Pvt. Ltd., Bengaluru, for the availability of varied techniques and deliverables for his or her IN Venture ASW – 08 shipsets and IN Venture SVL – 04 shipsets for GRSE Yard.
Marine Electricals is a technical providers firm offering gear and help for electrical automation and knowledge and communication know-how options to marine, renewable and industrial sectors.
Shares of Marine Electricals India Ltd. 4.89 % increased at Rs 38.60 on Friday.
(Edited by : Rukmani Krishna)