Marine Electricals Share Price in Focus; Receives Orders Worth ₹80.77 Crore From DXDC and Micron

Marine Electricals (India) has added ₹80.77 crore to its order book through a Letter of Intent from DXDC Chennai and a confirmed order from Micron Semiconductor Technology India.  

Both assignments involve power distribution systems and carry a delivery timeline of four to five months.  

DXDC Chennai Places ₹43.52 Crore LOI 

The larger of the two assignments comes from DXDC Chennai Private Limited, which has issued an LOI worth ₹43.52 crore, excluding taxes. 

Marine Electricals will handle the supply, installation, testing and commissioning of the power distribution system. The work is scheduled for completion within four to five months.  

Micron Order Adds Another ₹37.25 Crore 

The company has also received a ₹37.25 crore confirmed order, excluding taxes, from Micron Semiconductor Technology India Private Limited. 

This contract covers the supply of a power distribution system, with the same four-to-five-month delivery period.  

Together, the two assignments total ₹80.77 crore. The company has not provided any additional management commentary or specific guidance alongside the order announcement. 

Read More: Tata Motors Share Price in Focus; Iveco Tender Offer Opens September 7 After Consob Approval! 

Marine Electricals Share Price Performance  

As of 04 September 2026, at 2:24 PM, Marine Electricals (India) Ltd share price is trading at ₹434.30 per share, reflecting a surge of 0.91% from the previous trading session. 

Conclusion 

The new orders give Marine Electricals two fresh power distribution assignments worth a combined ₹80.77 crore. With both projects carrying a four-to-five-month delivery schedule, the company now has work lined up from DXDC Chennai and Micron Semiconductor Technology India. 

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