Marine Electricals (India) announced that it has received a Rs 6.25 crore order from Invreco for the supply of HT Panels and RMU Panels for the Adani Data Centre, Chennai Project.
The company stated that HT Panels will be delivered within eight weeks of drawing approval and RMU Panels will be delivered within ten to twelve weeks of drawing approval.
The announcement was made on 17 September 2021, during market hours.
In the quarter ended June 2021, the company reported a consolidated net profit of Rs 0.46 crore, compared to a net loss of Rs 6.64 crore in the previous quarter ended June 2020. Net sales increased 122.42 percent to Rs 65.08 crore in the first quarter of FY22, from Rs 29.26 crore in the first quarter of FY21.
The scrip fell 0.79 percent to Rs 37.55 on the NSE.