Marine Electricals to supply HT & RMU Panels for Adani Data Center's Chennai project
Marine Electricals (India) has bagged an order for supply of HT Panels & RMU Panels for Adani Data Center, Chennai Project. It has won this through Invreco and the order amounts to Rs 6.25 crore.
The HT Panels will be delivered within 8 weeks and the delivery of RMU Panels will happen within 10-12 weeks from the date of drawing approval, Marine Electricals said.
The announcement was made during market hours on 17 September 2021.
Marine Electricals (India) is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions.
The company reported a consolidated net profit of Rs Rs 0.46 crore in the quarter ended June 2021 as against net loss of Rs 6.64 crore during the previous quarter ended June 2020. Net sales increased 122.42% to Rs 65.08 crore in Q1 FY22 from Rs 29.26 crore in Q1 FY21.
The scrip shed 0.79% to currently trade at Rs 37.55 on the NSE.
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