Marine Electicals stock jumps 7% after securing Rs393.52 Crore orders across data centres, defence, and port projects
India, Oct. 5 -- India's electrical equipment and systems-integration companies are sitting at the confluence of several large, government-backed capex cycles at the same time, from the country's data center build-out, to its naval modernisation push and port expansion under Sagarmala. Companies with the right certifications and approved-vendor status across these sectors can increasingly diversify their order books across defence, infrastructure and digital economy clients, rather than relying on a single vertical for growth.
Shares of Marine Electricals (India) Ltd. were trading at Rs. 466.05, up 6.76 percent from previous close of Rs. 436.55. The stock opened at Rs. 441.00, reaching an intraday high of Rs. 472.00 and low of Rs. 441....
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