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Marine Electricals gained nearly 3% after winning ₹174.6 crore worth of new orders across data centres and shipyard projects.
The deets: the company will supply the main electrical system that carries power around the building to Siemens. This system will be used inside a big tech company’s data centre called the JUI1A project, and Marine Electricals will deliver it over 12 months.
It also got a three-year contract from Hindustan Shipyard to handle all the electrical work on Vessel 11200, a ship they’re building. And it received another order from Equinix India to set up the power system for one of its new data centres called MB3.2.
Why it matters: for Hindustan Shipyard, the deal means it can tap Marine Electricals’ expertise instead of building the entire electrical system in-house. That helps the yard avoid technical bottlenecks and keep Vessel 11200’s construction running smoothly from day one.
For Equinix India, Marine’s power system installation will give its new MB3.2 data centre a stable, round-the-clock electricity backbone crucial for keeping servers running without a single glitch.
