India's Marine Electricals gains on order win

Larsen and Toubro

06/04/2026 10:52

** Shares of Marine Electricals (India) MARN.NS rise as much as 3.3%, last up 1.8% at 175.5 rupees

** Electrical equipment maker gets order worth 1.15 bln rupees ($12.4 mln) from Larsen and Toubro LART.NS for boards and panels for semiconductor manufacturing facility at Dholera, in the western state of Gujarat

** Stock set to rise for a third straight session

** YTD, MARN down ~19%

($1 = 93.0600 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))