NSE:MARINE management interview: Marine Electricals’ Order Book Crosses ₹2,000 Crore: Is ₹3,300 Crore The Next Target? | ET Now
ET Now, 2026-09-02. Video: https://www.youtube.com/watch?v=inCN-V95Z4g
- Order book targets: Following recent order wins of nearly ₹630 crore across data centers and the automotive sector, the total order book crossed ₹2,000 crore, with management targeting ₹3,000 to ₹3,300 crore in FY '27.
- Supply chain preparedness: To meet tight 6-to-18-month delivery schedules amid global component bottlenecks, the company augmented its infrastructure over the past 2–3 years and pre-blocked shop floor capacity with transformer and switchgear partners.
- Commodity risk mitigation: Most project contracts incorporate price variation clauses and hedging strategies to protect margins against price fluctuations in raw materials like copper, aluminum, and electrical grade steel.
- Data center expansion: The company currently powers approximately 50% of data centers in India and projects the domestic data center market will quadruple over the next 5 years.
- Marine segment growth: After accounting for roughly 50% of total revenue in the previous financial year, the marine power distribution business is projected to grow by 15% to 20% in the current financial year.