Marine Electricals (India) Ltd. receives massive defense sector orders of Rs 81.18 crore from GRSE ANI | Updated: Mar 10, 2021 11:01 IST
Mumbai (Maharashtra) [India], March 9 (ANI/NewsVoir): NSE listed Marine Electricals (India) Limited, an integrated technology solution provider in the field of electrical automation, announced the receipt of the letter of acceptance aggregating to Rs 81.18 Crore from Garden Reach Shipbuilders & Engineers (GRSE) for the supply & service of Integrated Bridge System (IBS) for Anti-submarine Warfare Shallow Water Craft (ASW SWC) Project.
The overall Order Book for the Company stands at Rs 426.87 crore, which forms ~ 1.5 times FY20 marine revenue. Total Order book includes orders of Rs 290.28 crores from marine segment and Rs 136.59 crores from industrial segments.
State Bank of India (down 1.03 per cent) were the top losers in the index. The Nifty Bank index was trading 1.08 per cent up at 35656.7 around 01:53PM. Benchmark NSE Nifty50 index was up 13.05 points at 14969.25, while the BSE Sensex was up 102.27 points at 50543.34. Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red. Shares of BPCL, Vodafone Idea, BHEL, YES Bank and Tata Motors were among the most traded shares on the NSE. Shares of SBI Life, Godrej Industries, Poly Medicure, Blue Dart Express and Adani Power hit their fresh 52 week high in today s trade, while B C Power Controls, Shrenik Ltd and Marine Electricals (India) Ltd. hit fresh 52 week low in trade.
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Bank of India (up 7.28 per cent), Punjab & Sind Bank (up 4.82 per cent) and
Central Bank of India (up 4.8 per cent) were among the top gainers. The Nifty PSU Bank index was trading 1.63 per cent up at 2379.15 around 02:00PM. Benchmark NSE Nifty50 index was up 27.65 points at 14965.75, while the BSE Sensex was up 69.23 points at 50474.55. Among the 50 stocks in the Nifty index, 31 were trading in the green, while 19 were in the red. Shares of Vodafone Idea, PNB, ONGC, GAIL and YES Bank were among the most traded shares on the NSE. Shares of DCM Shriram , Elgi Equipments, Grindwell Norton, Blue Dart Express and Adani Power hit their fresh 52-week high in today s trade, while B C Power Controls Ltd., Kavveri Telecom Products Ltd. and Marine Electricals (India) Ltd. hit fresh 52-week low in trade.
Marine Electricals bags new order of Rs 81 crore from GRSE ANI | Updated: Mar 08, 2021 17:28 IST
Mumbai (Maharashtra) [India], March 8 (ANI): Marine Electricals India Ltd on Monday announced bagging a new order worth Rs 81.18 crore from Garden Reach Shipbuilders and Engineers (GRSE) for supply and service of integrated bridge system for anti-submarine warfare shallow water craft project.
The integrated technical solution provider in electrical automation now has an order book totalling Rs 427 crore.
Chairman Vinay Uchil said the Indian shipyards have seen strong traction in last few years in terms of order intake. Wiith the renewed thrust of government, order inflows for shipyards are expected to be quite strong for construction of new vessels.