Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The Co. is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc. It is also engaged in the renewable energy sector, specifically solar. It also provides services like designing, fabricating etc. for all types of electrical & electronic installations in India and abroad and undertake annual maintenance contracts.
During FY22, the Marine segment contributed 76% to the total order book, whereas the Industrial segment contributed 24%.
The financials are gradually improving and as Indian Navy transitions itself as true blue water navy, more warships and submarines are going to be built up and get commisioned also the merchant navy ships are also going to add up as India's economy keeps exanding. All these developments with utilize the expertise of Marine Electricals as reliable vendor in marine electrical segment. I see tremendous growth oppurtunities in Marine Electricals.
During FY22, the Marine segment contributed 76% to the total order book, whereas the Industrial segment contributed 24%.
The financials are gradually improving and as Indian Navy transitions itself as true blue water navy, more warships and submarines are going to be built up and get commisioned also the merchant navy ships are also going to add up as India's economy keeps exanding. All these developments with utilize the expertise of Marine Electricals as reliable vendor in marine electrical segment. I see tremendous growth oppurtunities in Marine Electricals.