Marine Electricals (India) Secures Orders Worth ₹6.25 Cr

Key Takeaways from the Order Win

• Marine Electricals (India) Limited has secured orders worth approximately ₹6.25 crores for electrical equipment projects in Pune and Hyderabad.
• The contracts include the supply, installation, testing, and commissioning (SITC) of an HT Panel for Nxtra Data Limited in Pune and Busducts for Pokarna Engineered Stone Limited in Hyderabad.
• Both contracts are set for delivery over a period of six months and do not involve any related party transactions.

Marine Electricals (India) Limited has secured two key orders, cumulative to approximately Rs 6.25 crore. The first one is from Nxtra Data Limited for the SITC of an HT Panel for the Pune Project as per the six-month delivery schedule order. The second one is from Pokarna Engineered Stone Limited also, for the SITC of Busducts on the Hyderabad Project that must be delivered in six months.

As part of its commitment towards good corporate governance, Marine Electricals is bringing out this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is focusing on maintaining openness with stakeholders about significant business developments.

About Marine Electricals (India) Limited

Marine Electricals (India) Limited is a leading provider of electrical automation and ICT solutions, and one of India's largest LV and MV switchgear manufacturers. The company holds a 50% market share in the electrical segment and is a Tier-1 supplier to the Indian Navy and global shipyards.

Key Takeaways from the Announcement

• TARC Limited achieved ₹1,012 crore in presales for Q2 FY2025, a 900% year-on-year growth.
• The company successfully launched TARC Ishva, a luxury development in Gurugram
• The company remains focused on expanding its portfolio in high-demand areas and plans future luxury real estate launches.

In the first half of FY2025, TARC Limited reported total presales of ₹1,322 crore, reflecting an extraordinary year-on-year growth of 600%. This significant achievement highlights the company's strategic positioning and commitment to delivering high-quality developments in the luxury segment.

In Q2 FY2025, TARC Limited launched TARC Ishva, a luxury development in Sector 63A, Gurugram, located on the extended Golf Course Road. This launch reaffirms TARC's commitment to providing elegant living spaces and strengthens its position as a leader in the luxury real estate market. Additionally, TARC successfully refinanced ₹1,000 crore of debt at a competitive 12.75% interest rate, enhancing its financial flexibility and capacity to invest in future projects. These achievements highlight the company's robust financial management and dedication to delivering high-quality developments.

With strong presale performance and effective management of financial obligations, TARC Limited is well-equipped to navigate the evolving market landscape. The company remains focused on delivering high-quality developments that meet customer needs while maximising value for stakeholders. Additionally, TARC is committed to expanding its portfolio in high-demand areas of Delhi and Gurugram and is preparing for exciting new launches in the near future.

Amar Sarin, MD & CEO of TARC Limited, expressed enthusiasm about the company’s performance and the positive response to TARC Ishva. He noted that TARC has established itself as a strong luxury residential brand, as evidenced by presales and positive feedback for developments such as Tripundra, Kailasa, and Ishva. Sarin also acknowledged Bain Capital for their support and looks forward to future collaborations with new financial partners.

This strong operational performance positions TARC Limited favourably in the competitive luxury real estate market as it continues to deliver exceptional value to its customers and stakeholders.

About TARC Limited

TARC Limited (NSE: TARC, BSE: 543249) is a leading luxury real estate developer based in New Delhi. Focused on creating high-quality residential projects in New Delhi and Gurugram, the company is known for delivering exceptional living experiences. TARC is dedicated to redefining urban living with top-tier developments that blend luxury, quality, and innovation. With a strong portfolio of prime land and strategic financial partnerships, TARC continues to strengthen its position as a key player in the luxury real estate sector.

Key Takeaways from GAIL’s MoU with AM Green:

• On October 4, GAIL (India) Limited and AM Green B.V. signed an MoU to develop renewable energy and green chemical projects in India.  
• The partnership focuses on establishing a long-term supply of carbon dioxide (CO2) for producing eMethanol.  
• The companies plan to supply approximately 350 KTA of CO2 from GAIL's gas processing plants for eMethanol production, a fuel that reduces carbon emissions.  
• They also aim to develop solar and wind hybrid projects that can generate up to 2.5 GW of power to support the eMethanol initiative.  

The companies plan to study the supply of around 350 kilotons of CO2 from GAIL's gas processing plants to create eMethanol, an eco-friendly fuel that can help reduce carbon emissions. They also aim to set up solar and wind hybrid projects capable of generating up to 2.5 GW of power, which will support the proposed eMethanol project.

Speaking on the occasion, Shri Rajeev Singhal, Director (Business Development), GAIL said “Development of renewable energy projects will support reducing carbon footprint of the country and advancing India's transition to a greener energy landscape. The partnership between GAIL and AMG is set to augment technological innovation in India while also promoting economic growth and environmental sustainability.”

About GAIL India Limited:

GAIL (India) Limited is a leading public sector enterprise in India focused on the transmission and distribution of natural gas. As a Maharatna company, it operates extensive gas pipelines, processing plants, and petrochemical facilities, along with interests in upstream oil and gas projects and LNG regasification terminals. GAIL is committed to enhancing the country's energy infrastructure and fostering sustainable development through initiatives in natural gas, petrochemicals, and renewable energy. For more details, visit www.gailonline.com.

About AMG: 

AMG is a subsidiary of the AM Green Group, founded by the creators of Greenko. The company specializes in ammonia production facilities that will be entirely powered by renewable energy sources, including solar, wind, and hydroelectric power. The ammonia produced will comply with EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) as outlined in the Renewable Energy Directive (RED III). AMG's facility in Kakinada has already received pre-certification for RFNBO compliance, with other facilities currently undergoing the same process.

Key Takeaways from BLS International Services’ Acquisition:

• BLS International FZE acquired 99% of BLS United Ventures S de RL de CV, a Mexican company specialising in visa and passport processing.
• BLS United Ventures has a paid-up share capital of MXN 20,000 and reported a turnover of MXN 38,85,702.60 for the year ending December 2023.
• The acquisition involves a related party, as the existing shareholder is a director of BLS International FZE.
• The shares were purchased for a cash amount of MXN 19,800, and no regulatory approvals were required for the acquisition.

BLS United Ventures specialises in visa and passport processing and had a paid-up share capital of MXN 20,000, with a turnover of MXN 38,85,702.60 for the calendar year ending December 2023. 

This acquisition is considered a related party transaction, as the existing shareholder of BLS United Ventures is a director of BLS International FZE. The shares were acquired for a cash consideration of MXN 19,800. 

About BLS International Services Limited:

BLS International Services Ltd. is a highly regarded tech-enabled service partner for governments and citizens, boasting over 19 years of experience. Established in 2005, the company has positioned itself among the top two players in visa, passport, consular, and citizen services. BLS International sets industry standards by providing comprehensive solutions in areas such as e-governance, attestation, biometrics, e-visa, and retail services.

The company has received numerous prestigious awards, including recognition as one of "India's Most Valuable Companies" by Business Today Magazine and as one of Forbes Asia's "Best Under a Billion" companies. BLS International collaborates with over 46 client governments, including diplomatic missions, embassies, and consulates, ensuring data security through advanced technology and processes. Operating in 66 countries, BLS International has a vast network of over 50,000 centres, supported by 60,000 employees and associates, along with 9 global training centres and 4 global contact centres. Till date, the company has processed over 232 million applications, highlighting its commitment to excellence in the industry.