Marine Electricals Wins USD 1 Million Export Order for HT Panels from Niger

Marine Electricals (India) Limited has secured an export order valued at USD 10,07,009 (approximately INR 8.56 crores) from Société Minière de DASA SA (SOMIDA), based in Niger, West Africa. The order involves the supply of HT panels, with delivery scheduled over a span of nine months.

The company confirms that there is no conflict of interest in this transaction. Neither the promoter nor the promoter group has any involvement with SOMIDA, and the order does not qualify as a related party transaction. This disclosure aligns with the principles of good corporate governance.