Marine Electricals (India) Limited (NSE Symbol: MARINE, ISIN: INE01JE01028) on July 28, 2025, announced that it has received a work order worth ₹28.44 crore (excluding taxes) from Core Greentech LLP. The order pertains to the supply, installation, testing, and commissioning of a power distribution system and will be delivered over a span of five months.

The company disclosed the development to the National Stock Exchange (NSE) as part of its commitment to Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates timely disclosures of material events.

Not a related party transaction

Marine Electricals clarified that this contract does not involve any Promoter or Promoter Group interest and is not a related party transaction under SEBI norms. The announcement was made in the interest of good corporate governance, even though such disclosure was not mandatory.

“We are pleased to inform stakeholders of this order from Core Greentech LLP for a high-value power distribution project. The execution timeline is five months, and we reiterate our commitment to transparency and governance,” said Deep Shah, Company Secretary & Compliance Officer, in the official filing.

Boost to order book and sector focus

This new order is expected to further strengthen Marine Electricals’ project pipeline in the power systems and distribution segment, reinforcing its position as a trusted partner for large-scale industrial and infrastructure installations. The company continues to focus on sustainable electrification, smart solutions, and end-to-end EPC (engineering, procurement, and commissioning) capabilities.

Marine Electricals has been active in various industry verticals including:

• Renewable energy

• Smart grid systems

• Marine and defence sectors

• Data centre power architecture

• Industrial and utility electrification

About Marine Electricals (India) Limited

Incorporated in India, Marine Electricals is a leading engineering and project management company, offering electrical automation, power systems, and technology solutions across industries. The company is listed on NSE and BSE and is known for its robust client portfolio and technical excellence.

With over four decades of experience, Marine Electricals is actively involved in providing end-to-end services—from design and engineering to project execution and after-sales maintenance.

The Upcoming IPOs in this week and coming weeks are M&B Engineering, Cash Ur Drive Marketing, Renol Polychem, Jyoti Global Plast, Takyon Networks, Mehul Colours, Aditya Infotech, Sri Lotus Developers & Realty, Lakshmi India Finance, Jyoti Global Plast, B.D. Industries (Pune), Kaytex Fabrics, Umiya Mobile, Repono, NSDL.

The Current active IPO are Shree Refrigerations, Sellowrap Industries, Shanti Gold International, Patel Chem Specialities, Brigade Hotel Ventures, Indiqube Spaces, GNG Electronics, TSC India.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.