Marine Electricals (India) Limited has announced a significant milestone by securing two prestigious orders totaling ₹12.93 crore (excluding taxes). This development not only strengthens the company's portfolio but also highlights its expanding role in India's maritime and infrastructure sectors. The announcement, made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscores the company’s commitment to corporate governance and transparent operations.

The first order, valued at ₹12.93 crore, comes from Cochin Shipyard Limited, a prominent name in the Indian shipbuilding industry. This order involves the supply of Base & Depot Spares for the ASW (Anti-Submarine Warfare) and SWC (Shallow Water Craft) Project. The delivery of these components is scheduled over a period of eight months, ensuring a steady supply chain and smooth project execution for Cochin Shipyard.

The second order was received from Kutch Copper Tubes Limited, an entity of the Adani Group, for the supply of Low Tension (LT) Panels at the Mundra Site Project. This project will be executed within a shorter timeframe of four months, showcasing Marine Electricals’ ability to meet demanding schedules and deliver precision-engineered solutions efficiently.

Notably, neither of these projects involves any interest from the promoter or promoter group of Marine Electricals. Additionally, these orders do not fall under the scope of related party transactions, reflecting the company's dedication to maintaining transparency and ethical business practices.

These contracts demonstrate Marine Electricals’ expertise in providing advanced electrical solutions to critical infrastructure projects. By collaborating with leading organizations such as Cochin Shipyard Limited and the Adani Group, the company is paving the way for robust growth and increased market credibility.

For stakeholders and investors, this announcement serves as a testament to Marine Electricals' growing influence and consistent performance in the competitive marine and industrial electricals sector. The strategic partnerships showcased by these orders position the company to scale greater heights in the near future.

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