Marine Electricals (India) Partnership
Marine Electricals and Maritime 3 Group signed a Head of Terms Agreement to co-develop India's first indigenous AIS Base Station. No monetary value was disclosed.
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Marine Electricals and Maritime 3 Group signed a Head of Terms Agreement to co-develop India's first indigenous AIS Base Station. No monetary value was disclosed.
Marine Electricals reported strong Q1FY27 growth, driven by a 55% revenue jump and expanding presence in Data Centers and Industrial Infrastructure. Order book reached a record high.
Marine Electricals inaugurated its 6th plant in Goa for PTU and Shore Conversion System manufacturing. The facility targets 800 PTUs for Data Centers annually by March 2027.
Marine Electricals (India) Limited has reconstituted its Risk Management Committee and Stakeholders Relationship Committee, effective September 15, 2026.
Marine Electricals (India) Limited scheduled its 19th Annual General Meeting for September 30, 2026, and confirmed the Annual Report for FY 2025-26 is being distributed.
Marine Electricals (India) Limited secured orders worth ₹80.77 Crore from DXDC Chennai and Micron Semiconductor. The projects involve supplying power distribution systems over 4-5 months.
Marine Electricals (India) Limited secured orders worth Rs. 229.73 Crore from Digital Edge DC (India). The contract involves supplying power distribution systems over 15 months.
Marine Electricals (India) Limited secured orders totaling ₹398.81 Crore from Princeton Digital Group and Classic Electric. The contracts involve supplying Power Distribution Systems over 6 to 18 months.
Marine Electricals (India) Limited recommended a final dividend of ₹0.3 per equity share for the financial year ended March 31, 2026.
Marine Electricals (India) Limited reported a 51% YoY PAT increase to ₹18 Crore for Q1 FY27. Revenue grew 55% to ₹259 Crore, supported by strong order wins.
Marine Electricals (India) Ltd reported revenue from operations of ₹259.2 Cr (+55.2% YoY) and net profit of ₹17.5 Cr (+50.9% YoY) for Q1 FY27.
Marine Electricals (India) Limited has reconstituted its Audit Committee, effective August 11, 2026. The new committee members were officially approved by the Board of Directors.
Marine Electricals (India) Limited has appointed Mr. Shanmugam Nagarajan as an Additional Director (Non-Executive Independent Director) for a three-year term effective August 10, 2026.
Marine Electricals (India) Limited clarified that the significant movement in its share trading volume is market-driven. The company confirmed no undisclosed price-sensitive information exists.
Marine Electricals (India) Limited has scheduled a board meeting for August 14, 2026. The board will consider quarterly unaudited financial results and a potential final dividend.