Marine Electricals rallies 5% after it bags order from Goa Shipyard

Shares of Marine Electricals surged over 5 per cent to Rs 39.4 per share in Tuesday’s intra-day trade, after the company bagged an order worth Rs 13.9 crore from Goa Shipyard. In comparison, the Nifty50 index was up 0.4 per cent at 17,920 levels, as of 10:33 am.  
 

The company will supply shaft generators, main switch boards, distribution boards, and associated systems with OBS for PCV Project from Goa Shipyard. The delivery of the mentioned goods shall be completed over a period of one year.
 

In the past one month, shares of Marine Electricals have gained 0.2 per cent, as