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Marine Electricals (India) Ltd has secured orders worth ₹76.38 Crore from STT Global Data Centres India and Deepak Chem Tech. Deliveries are slated for the next 12‑18 months.
Marine Electricals (India) Limited bagged three orders totaling ₹44.22 Crore from domestic shipbuilders. The projects span 4-14 months, strengthening the company's revenue visibility.
MEL Shipyard ceased being a wholly-owned subsidiary of Marine Electricals following a 70% stake divestment. The entity has transitioned into an associate company effective June 2026.
Marine Electricals reported FY26 revenue of ₹876.9 Crore, marking 14% YoY growth. The company’s order book surged to ₹1,254 Crore, providing strong revenue visibility for coming years.
Marine Electricals (India) Limited discontinued its Investor Relations consultancy engagement with United Branding Solutions. The cessation is effective immediately following a reassessment of business requirements.
Marine Electricals (India) Limited appointed United Branding Solutions for investor relations advisory services effective June 2, 2026. The move aims to strengthen its capital markets communication framework.
Mr. Mohan Rao ceased to be an Independent Director at Marine Electricals (India) Limited upon completing his second term. This scheduled transition took effect May 29, 2026.
Marine Electricals (India) Ltd reported revenue from operations of ₹277.5 Cr (+10.7% YoY) and net profit of ₹18.6 Cr (+37.8% YoY) for Q4 FY26.
Marine Electricals (India) Limited approved its FY2026 audited financial results. The company reported standalone annual revenue of ₹746.94 Crore and consolidated net profit of ₹58.62 Crore.
Marine Electricals (India) Limited secured Rs. 96.40 Crore orders for power distribution systems from Princeton Digital Group. Execution is scheduled over 12-14 months.
Marine Electricals converted its partnership subsidiary Narhari Engineering Works into a private limited company. The entity is now known as MEL Heavy Industries Private Limited.
Marine Electricals secured a ₹2.49 Crore order from Udupi Cochin Shipyard for alarm monitoring systems. The 24-month execution period provides steady revenue visibility for the company.
Marine Electricals (India) Limited secured a ₹206.23 Crore order from Adani Infra for power distribution systems. The contract will be executed over 12-14 months.
Marine Electricals scheduled a board meeting on May 27, 2026, to approve audited annual financial results. The trading window remains closed until June 1, 2026.
Marine Electricals (India) Limited secured two orders totaling ₹208.72 Crore from Adani Infra and Udupi Cochin Shipyard. Projects involve power and alarm systems delivery within 24 months.
Marine Electricals (India) Limited secured new orders totaling ₹70.86 Crore. Clients include Princeton Digital Group for power distribution systems (7-9 months delivery) and C Torq Marine Services for panels (21 months delivery). The latter is a related party transaction.
Marine Electricals (India) Limited secured three new orders totaling ₹16.90 Crore from Afcons Infrastructure, Knowledge Shipyard, and Udupi Cochin Shipyard. The contracts involve supplying power distribution systems, electrical equipment, and diesel generators. Execution periods range from 4 to 22 months, enhancing revenue visibility for the company.
Marine Electricals (India) Limited has operationalized a new 51,000 sq. ft. plant in Vadodara, Gujarat. This facility adds 25% assembly shopfloor space to existing infrastructure, enabling the company to meet increased customer demand and improve delivery efficiency.
Marine Electricals (India) Limited secured orders worth ₹115 Crore from Larsen & Toubro Limited. The contract involves supplying and commissioning electrical panels for Tata Semiconductor's Dholera facility. The project is scheduled for completion within 18 months, strengthening the company's industrial order book.