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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. ....
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. ....