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.