Marine Electricals (India) Limited has secured fresh orders worth approximately ₹75.19 crore, excluding taxes, for supplying power distribution systems to two major data centre operators, further expanding its footprint in India’s fast-growing digital infrastructure market.
According to a regulatory filing, the company has received one order from STT Global Data Centres India Private Limited and another from Princeton Digital Group (India) Management Private Limited. Both contracts relate to the supply of power distribution solutions for data centre facilities.
With a market capitalisation of about ₹3,883.46 crore, Marine Electricals shares were trading at ₹277, up 2.61 percent during the session. The stock has risen 5.36 percent over the past five trading sessions and 16.36 percent over the last month. It has touched a 52-week high of ₹282 and a low of ₹151.
Orders to be executed over 12–18 months
The company said the projects are scheduled to be completed over a period of 12 to 18 months.
Marine Electricals also clarified that:
- The contracts are not related-party transactions.
- Neither the promoters nor members of the promoter group have any interest in the awarding entities.
Growing exposure to the data centre segment
The latest orders add to the company’s presence in the data centre infrastructure space, where reliable and uninterrupted power systems are critical for operations.
Power distribution systems are essential for:
- Maintaining operational continuity
- Providing redundancy and reliability
- Enhancing energy efficiency in hyperscale and colocation facilities
Data centre investments driving demand
India’s data centre industry is witnessing strong growth, supported by:
- Rising cloud adoption
- Increasing artificial intelligence workloads
- Expansion of digital payments
- Higher internet penetration
- Government initiatives aimed at strengthening digital infrastructure
The continued investments by global operators and domestic developers are creating opportunities for companies involved in electrical infrastructure and power management solutions.
Company overview
Founded in 1978, Marine Electricals (India) Limited provides integrated engineering and technical services across sectors including:
- Marine
- Commercial and industrial infrastructure
- Data centres
- Power distribution
- Electrical automation
- Information and communication technology (ICT)
The company manufactures and supplies electrical and automation solutions for a wide range of industries.
TL;DR
Marine Electricals has secured ₹75.19 crore worth of orders from STT Global Data Centres India and Princeton Digital Group India to supply power distribution systems. The contracts will be executed over the next 12–18 months and strengthen the company’s position in India’s expanding data centre infrastructure market.
AI Summary
- Marine Electricals won orders worth ₹75.19 crore.
- Clients include STT Global Data Centres India and Princeton Digital Group India.
- Contracts involve supplying power distribution systems.
- Execution timeline is 12–18 months.
- Orders strengthen the company’s presence in the data centre sector.
