The company had also won order from Fleet Maintenance Unit (FMU), Vishakapatnam for AIAMC. The delivery shall be over a period of 24 months.
The aggregate amount for the orders stood at Rs 104.25 crore.
Marine Electricals provides customised electrical solutions to the marine and non-marine sectors. Its head office is in Mumbai, with manufacturing facilities in Mumbai and Goa.
Marine Electricals reported 31.8% decrease in consolidated net profit to Rs 4.98 crore despite of 15.7% rise in revenue from operations to Rs 146.65 crore in Q3 FY24 over Q3 FY23.