Marine Electricals Share Price Gains 7% on Major Order Wins

Market Performance

Marine Electricals shares surged 7% intraday on November 13, driven by a series of significant order wins. The stock’s momentum highlights investor interest amid strong operational activity.

• Current market capitalization: ₹3,408.61 crore
• 52-week high: ₹333.00 (17 December 2024)
• 52-week low: ₹138.90 (4 March 2025)
• Stock trading: 25.8% below 52-week high and 77.9% above 52-week low

The rise reflects the company’s growing presence in the power distribution and marine electrical systems segment.

Key Orders and Business Updates

Marine Electricals recently secured multiple orders totaling ₹174.60 crore. These contracts showcase the company’s expanding project portfolio and delivery capabilities:

• Siemens Project: Supply of power distribution systems for a global hyperscaler’s JUI1A data center, with delivery scheduled over 12 months.
• Hindustan Shipyard: Electrical works on board vessel 11200, to be completed over 36 months.
• Equinix India: Supply, installation, testing, and commissioning of power distribution systems for the MB3.2 data center, with delivery over four months.

With these wins, Marine Electricals’ current order book stands at around ₹966 crore, reflecting strong visibility for near-term execution.

Company Overview

Marine Electricals has established itself as a key player in electrical and power distribution solutions across marine and industrial projects. The recent order wins underline:

• Strong technical capabilities and project execution
• Diversification across data centers, shipyards, and industrial clients
• Sustainable growth trajectory supported by an expanding order book

The company’s focus on timely delivery and quality execution continues to enhance its market standing and operational reliability.

Summary

Marine Electricals’ 7% intraday surge is anchored in significant contract wins worth ₹174.60 crore, taking its order book to ₹966 crore. With a robust pipeline spanning data centers and marine projects, the company maintains strong growth visibility and operational momentum.