Marine Electricals Receives Export Order Worth USD 10.07 Million for HT Panels

Team Finance Saathi

23/Dec/2024

What's Covered Under the Article:

Marine Electricals receives an export order of USD 10.07 million.
The order is for the supply of HT panels to Société Minière de DASA in Niger.
Delivery will occur over a nine-month period, with no related party transactions involved.

On December 23, 2024, Marine Electricals (India) Limited announced the receipt of a significant export order from Société Minière de DASA SA (SOMIDA), a company based in Niger, West Africa. The order, valued at USD 10.07 million (approximately INR 8.56 crores), is for the supply of High Tension (HT) panels, marking a notable achievement for the company in expanding its international business footprint.

The delivery of the HT panels will occur over a period of nine months, demonstrating the company's commitment to fulfilling large-scale contracts while maintaining quality and efficiency. This order underscores Marine Electricals' growing presence in the global market, particularly in the African region, where it continues to strengthen its position as a key supplier of electrical products.

In a move towards maintaining good corporate governance, Marine Electricals emphasized that none of its Promoter/Promoter Group has any involvement in this order, ensuring there are no conflicts of interest or related party transactions associated with the contract.

This order is a significant step forward for Marine Electricals in diversifying its client base and reinforcing its reputation for delivering quality products on an international scale. For more information on Marine Electricals (India), visit their official website for updates on new projects and business developments.

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Marine Electricals Receives Export Order Worth USD 10.07 Million for HT Panels

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