Tue Sep 17 07:14:39 UTC 2024: ## Marine Electricals Secures ₹6.87 Crore in New Orders, Fueling Growth in Data Center and Industrial Sectors

Marine Electricals (India) Limited announced today that it has secured two new contracts worth a total of ₹6.87 crore. The company will supply LV panels to Princeton Digital Group for their 5th Floor MU1 – DC2 project, and LT & HT panels to Colgate-Palmolive ACI Bangladesh Private Limited.

The order from Princeton Digital Group will be delivered over a six-month period, while the Colgate-Palmolive contract has a nine-month delivery timeline. The company confirmed that both contracts are independent of related party transactions and do not involve any promoter or promoter group interests.

These new orders highlight Marine Electricals’ continued growth in the electrical equipment sector, particularly within the data center and industrial applications markets. The company’s stock price is currently trading at ₹229.10 on the NSE, down by 5% from the previous day.

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