Marine Electricals (India) Limited has officially announced the receipt of new orders totaling Rs 208.72 crores, excluding taxes. The company disclosed these developments in a regulatory filing dated May 18, 2026, as part of its corporate governance commitments.

The awarded contracts involve two significant projects. The first order, received from Adani Infra (India) Limited, is for the supply of a power distribution system, with delivery scheduled over a period of 12 to 14 months. The second order is from Udupi Cochin Shipyard Limited for the supply of an Alarm Monitoring System, which is slated for delivery over a 24-month period. The company clarified that these transactions do not qualify as related party transactions.

Marine Electricals (India) Limited is a prominent technical services provider specializing in electrical automation and information and communication technology solutions. Known as a leader in the LV and MV switchgear manufacturing segment, the company serves diverse sectors including defense, datacenters, and energy infrastructure. Throughout 2025, the company maintained an active presence in the market, continuing to secure various orders and updating the stock exchange on its operational progress. The company has focused on delivering integrated solutions and expanding its footprint in both domestic and maritime sectors.

For the financial year ending March 31, 2025, the company reported a revenue of Rs 780 crores. Regarding its financial performance, the company has demonstrated robust growth, with a reported 45.9% CAGR in profit over the last five years. Shareholding data indicates that KDU Enterprises Private Limited is a major shareholder, holding a significant stake in the company.