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Marine Electricals Share Price: The Rising Powerhouse in India’s Defense Sector! 150% return in just 3 Months.

पोस्ट को फेसबुक, ट्विटर या पिंटरेस्ट पर शेयर करने के 20-20 प्वाइंट

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Marine Electricals Share Price: The Rising Powerhouse in India’s Defense Sector!

In recent years, the demand for indigenous defense equipment in India has surged, leading to the emergence of several domestic companies. Among them is Marine Electricals, which is garnering orders from both within the country and internationally due to its high-quality products. This article provides a comprehensive look at Marine Electricals’ recent developments, financial performance, and future plans.

व्हाट्सप्प चैनल या व्हाटप्प ग्रुप में दिए गए कूपन कोड को डालें -

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Highlights:

  • Marine Electricals recently secured a significant order from Cummins India.
  • The company’s subsidiary, Narhari, is expanding its manufacturing capacity to produce one-megawatt motors.
  • Marine Electricals supplied critical power distribution and radar systems for INS Vikrant.
  • The company has opened new offices in Europe and the UAE as part of its international expansion strategy.
  • Marine Electricals Share Price have shown an impressive 1173.36% growth over the past five years.
  • Company is expected to give good quarter.
  • Company has delivered good profit growth of 22.9% CAGR over last 5 years.

Also Read: 3 Stocks Ready to Become Multi-baggers! A Golden Opportunity for Profits!

Table: Key Financial Metrics for Marine Electricals Share Price:

PointDetails
Market Cap₹3,398.88 Crores
Stock Price₹256.20
52-Week High₹308.00
52-Week Low₹55.10
5-Year Return1173.36%
3-Year Return560.31%
1-Year Return267.05%

Marine Electricals: Stepping into a New Era

Company Overview

Marine Electricals is a leading Indian technology service provider specializing in electrical automation, information, and communication technology solutions. The company operates in two main segments: Electronics and Solar. It offers solutions in marine, industrial, and renewable energy sectors, including power generation and distribution, communication, electrical propulsion, integrated platform management systems, and engineering project management.

Recent Orders and Projects

Marine Electricals has recently announced that it has received a significant order from Cummins India, the Indian subsidiary of the American multinational Cummins. This order involves the manufacture of pumps for ships. According to information provided to the National Stock Exchange, this order will include various services within the Indian Navy’s specialized sector, such as power distribution, commissioning, after-sales services, diesel generator sets, and power generation this will add value to Marine Electricals Share Price.

Subsidiary Expansion

Marine Electricals’ subsidiary, Narhari, is planning to expand its manufacturing facilities. This expansion aims to produce naval and marine motors up to a one-megawatt range. Additionally, Narhari has started constructing alternators for this range under its new manufacturing facility in Palghar.

Role in INS Vikrant

Marine Electricals has played a crucial role in supplying power distribution, panels, and radar systems for all Indian Navy ships. The company was also instrumental in the construction of India’s first indigenous aircraft carrier, INS Vikrant, demonstrating its quality and expertise.

International Expansion

Marine Electricals is also making strides in international markets. The company has opened new offices in Europe and the UAE to strengthen its global presence and capitalize on new business opportunities.

Also Read: Big Announcements Expected at Reliance AGM 2024! Jio Public Listing and Retail Expansion Could Be Revealed

What is Marine Electricals’ main business focus?

Marine Electricals is a major Indian company specializing in electrical automation, information, and communication technology solutions, providing services in marine, industrial, and renewable energy sectors.

Which significant order did the company recently receive?

Marine Electricals recently secured a major order from Cummins India for manufacturing pumps for ships.

What is Narhari’s role in Marine Electricals?

Narhari, a subsidiary of Marine Electricals, is expanding its manufacturing facilities to produce one-megawatt motors and has begun constructing alternators at its new facility in Palghar.

What role did Marine Electricals play in INS Vikrant?

Marine Electricals supplied power distribution, panels, and radar systems for INS Vikrant, India’s first indigenous aircraft carrier.

What is the company’s strategy for international expansion?

Marine Electricals has opened new offices in Europe and the UAE to enhance its global presence and explore new business opportunities.


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पोस्ट को फेसबुक, ट्विटर या पिंटरेस्ट पर शेयर करने के 20-20 प्वाइंट

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