Marine Electricals (India) Limited has officially announced the receipt of new orders amounting to ₹96.40 crores, excluding applicable taxes, from Princeton Digital Group (India) Management Private Limited. This notification serves as a formal disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The secured contract specifically pertains to the supply of power distribution systems. According to the company’s filing, the delivery of these goods is projected to be completed over a timeframe of 12 to 14 months. Furthermore, the company clarified that this contract does not constitute a related party transaction, as none of the promoters or promoter group members hold any interest in the project.

Headquartered in Mumbai, Marine Electricals (India) Limited is an integrated technical services provider specializing in electrical automation and solar energy solutions for the marine and industrial sectors. The company is a prominent supplier to the Indian Navy and major shipyards. Throughout 2025, the company continued to focus on its core maritime defense contracts while actively expanding its industrial footprint, particularly in the data center and renewable energy segments. Marine Electricals aims to capitalize on increasing defense capital expenditure and the ongoing expansion of the Indian naval fleet to drive long-term growth.

For the fiscal year ending March 31, 2025, the company reported consolidated revenue from operations of ₹622.71 crores, marking a growth of approximately 38% compared to the previous year’s figure of ₹451.24 crores. While specific recent shareholder data regarding “famous” retail investors is not universally highlighted, the company maintains a stable investor base interested in its niche positioning within the maritime and industrial electrical infrastructure markets.