Marsons

Marsons Ltd has received a purchase order valued at ₹17.93 crore from S.T. Electricals Pvt. Ltd. for the supply of 10 MVA power transformers. The domestic order, disclosed through a stock exchange filing, is to be executed over a period of six months. The transformer manufacturer said the order was awarded by a domestic counterparty and does not involve any promoter group interest or related-party transaction.

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July 3 (Reuters) - Marsons Ltd MARS.NS:

• MARSONS LTD- GETS ORDER WORTH 179.4 MILLION RUPEES

Source text: ID:nBSE9jFFF9

Further company coverage: MARS.NS

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Marsons Ltd has received a purchase order worth ₹7.75 crores from an unidentified US-based solar energy developer to supply a 25 MVA power transformer for a project in Hemet, California. The order, disclosed through a stock exchange filing on Tuesday, is scheduled for execution over 14 months. The transformer will be manufactured at the company's West Bengal facility. The contract adds to the company's growing export order book in the North American renewable energy market.

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June 12 (Reuters) - U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX's market debut, snapping a months-long rally fueled by anticipation over the blockbuster IPO.

The Elon Musk-led company SPCX.O jumped 28%, clinching a valuation of over $2 trillion as both institutional investors and retail traders piled onto the world's biggest stock market listing.

That frenetic buzz around the IPO has put the spotlight on the once-niche space sector, stoking investor confidence in the potential of satellite communications, space travel and off-planet ventures.

"The space sector has seen a strong run up ... and profit-taking is that lazy sort of excuse of why things have gone down. But I think, inevitably, people would be concerned that the hype can't quite live up to expectations," said Chris Beauchamp, chief market analyst at UK-based broker IG Group.

On Friday, shares of Rocket Lab RKLB.O and Planet Labs PL.N slumped about 8% each, while Intuitive Machines LUNR.O plunged 11%. AST SpaceMobile ASTS.O, a much smaller rival to SpaceX's Starlink satellite business, fell more than 12%.

Aerospace and space travel company Virgin Galactic SPCE.N sank some 28%. The stock, with a ticker similar to SpaceX's 'SPCX', surged more than 20% on Thursday, with some pointing to a boost from investors confusing it with SpaceX.

Space-focused exchange-traded funds Procure Space ETF UFO.O, Ark Space & Defense Innovation ETF ARKX.N and Roundhill Space and Technology ETF MARS.N fell between 1% and 6%.

So far this year, the space stocks are up between 34% and 89%, through last close.

The rally in space stocks' valuations had raised concerns, with some analysts and investors questioning their steep multiples that have mirrored SpaceX's own towering price tag even without the famous "Musk premium".

Rocket Lab, for instance, had a $66 billion market value as of last close, even as the company's annual revenue totaled about $600 million last year.

The slump could also be a sign that investors were rotating out of the stocks to make room for SpaceX in their portfolios.

"This could be a classic case of 'capital recycling' where institutional investors may be trimming positions in smaller pure-play peers to free up the massive liquidity and portfolio allocation needed to anchor the SpaceX juggernaut today," said Talley Léger, chief market strategist of The Wealth Consulting Group, a wealth advisory firm.

(Reporting by Deborah Sophia, Aditya Soni and Ragini Mathur in Bengaluru, and Akash Sriram in New York; Editing by Sriraj Kalluvila and Joyjeet Das)

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Marsons Ltd has secured a ₹33.19 crore order from Vikran Engineering Limited to supply inverter duty transformers for an NTPC renewable energy project. The order covers multiple units of 17.6 MVA, 8.8 MVA and 4.4 MVA oil-cooled transformers, with delivery scheduled within six months. Vikran Engineering is executing the project on behalf of NTPC, India's largest power generator. The contract adds to a series of recent order wins for the West Bengal-based transformer manufacturer.

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June 10 (Reuters) - Marsons Ltd MARS.NS:

• MARSONS - RECEIVES ORDER WORTH 331.9 MILLION RUPEES FOR SUPPLY OF TRANSFORMERS

Source text: ID:nBSE9PsBwM

Further company coverage: MARS.NS

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June 9 (Reuters) - Marsons Ltd MARS.NS:

• MARSONS - RECEIVES ORDER WORTH 94.8 MILLION RUPEES FOR 50MVA, 132/33 KV TRANSFORMER SERVICES

Source text: ID:nBSEbQBJdw

Further company coverage: MARS.NS

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** Shares of India's Marsons Ltd MARS.NS jump 5.72% to 139.12 rupees

** Heavy electrical equipment manufacturer received letter of intent worth 312.7 million rupees ($3.27 million) from Assam Electricity Grid Corporation (AEGCL)

** LoI for supply of 132/33kV, 50MVA power transformers and related services for three substations of AEGCL

** Stock up about 1.5% since listing on March 13

($1 = 95.6450 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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June 3 (Reuters) - Marsons Ltd MARS.NS:

• MARSONS - RECEIVES LOI WORTH 312.7 MILLION RUPEES

• MARSONS - TO SUPPLY 132/33KV, 50MVA POWER TRANSFORMERS FOR AEGCL SUBSTATIONS

Source text: ID:nBSE4LQdnB

Further company coverage: MARS.NS

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May 21 (Reuters) - Marsons Ltd MARS.NS:

• MARSONS LTD - GETS INTERNATIONAL SUPPLY ORDER VALUED USD 3.1 MILLION

Source text: ID:nnAZN4SXMU5

Further company coverage: MARS.NS

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May 15 (Reuters) - Marsons Ltd MARS.NS:

• RECEIVES APPROVAL TO SUPPLY TRANSFORMERS UP TO 132KV IN POWERGRID PROJECTS

Source text: ID:nBSE6DHs8j

Further company coverage: MARS.NS

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May 8 (Reuters) - Marsons Ltd MARS.NS:

• MARSONS LTD - GETS ORDER WORTH 188.8 MILLION RUPEES

Source text: ID:nnAZN4SV47Y

Further company coverage: MARS.NS

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April 17 (Reuters) - Marsons Ltd MARS.NS:

• MARSONS LTD - RECEIVED PURCHASE ORDERS WORTH 153.8 MILLION RUPEES

Source text: ID:nBSEbhXcnx

Further company coverage: MARS.NS

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Feb 10 (Reuters) - Marsons Ltd MARS.BO:

• GOT ORDER WORTH 230.1 MILLION RUPEES

Source text: ID:nBSE2tRq71

Further company coverage: MARS.BO

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Feb 4 (Reuters) - Marsons Ltd MARS.BO:

• MARSONS LTD- GOT ORDER WORTH 90.3 MILLION RUPEES

Source text: ID:nBSEgqKrD

Further company coverage: MARS.BO

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Jan 1 (Reuters) - Marsons Ltd MARS.BO:

• RECEIVES PURCHASE ORDER WORTH 223.9 MILLION RUPEES

Source text: ID:nBSE4s5qJX

Further company coverage: MARS.BO

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Dec 12 (Reuters) - Marsons Ltd MARS.BO:

• MARSONS LTD- GOT ORDER WORTH 99.1 MILLION RUPEES

Source text: ID:nnAZN4RDJQT

Further company coverage: MARS.BO

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Nov 28 (Reuters) - Marsons Ltd MARS.BO:

• MARSONS LTD - RECEIVES PURCHASE ORDER WORTH 134.6 MILLION RUPEES

Source text: ID:nBSEc99Q2Y

Further company coverage: MARS.BO

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March 4 (Reuters) - Marsons Ltd MARS.BO:

• RECEIVES ORDER WORTH ABOUT 94.9 MILLION RUPEES FROM INOX WIND

Source text: ID:nBSE8X5rkK

Further company coverage: MARS.BO

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Feb 4 (Reuters) - Marsons Ltd MARS.BO:

• RECEIVES LETTER OF AWARD WORTH 427.1 MILLION RUPEES

Source text: ID:nBSE5kf30x

Further company coverage: MARS.BO

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** Shares of Marsons MARS.BO rise 5% to 332.7 rupees

** Electrical equipment maker said on Monday it plans to set up a unit in the United Kingdom to expand its presence in the European market

** Stock eyes its eighth straight session of gains

** Stock has surged over forty-fold so far this month

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 4 (Reuters) - Marsons Ltd MARS.BO:

• MARSONS LTD - TO CONSIDER SETTING UP OF UNIT IN UK

Source text: ID:nBSE2MkX9m

Further company coverage: MARS.BO

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* Marsons Ltd MARS.BO rises 5% to hit upper limit of exchange-allowed trading band of 280.90 rupees

* Co got order for project worth 6.75 bln rupees ($80.6 mln) to develop 150 MW solar photovoltaic power generation plant

* Relative strength index rises to 88.4, suggesting stock might be overbought

* MARS rose over 36 times YTD

($1 = 83.7100 Indian rupees)

(Reporting by Vijay Malkar)

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Sept 26 (Reuters) - Marsons Ltd MARS.BO:

• MARSONS LTD - GETS LOI WORTH 6.75 BILLION RUPEES

Source text for Eikon: ID:nBSE8VSHct

Further company coverage: MARS.BO

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May 7 (Reuters) - Marsons Ltd MARS.BO:

• GETS ORDERS WORTH OVER 90 MILLION RUPEES

Source text for Eikon: ID:nBSEDHpvm

Further company coverage: MARS.BO

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Feb 23 (Reuters) - Marsons Ltd MARS.BO:

• TO CONSIDER TO DISCUSS/ FINALIZE ISSUE OF SHARES/ CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS

Source text for Eikon: ID:nBSEbz41jR

Further company coverage: MARS.BO

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Feb 15 (Reuters) - Marsons Ltd MARS.BO:

• MARSONS LTD - SECURED ORDERS WORTH NEARLY 400 MILLION RUPEES

• MARSONS LTD - TOTAL CURRENT ORDER BOOK 550 MILLION RUPEES WITH EXECUTION TIMELINE UPTO JUNE 2024

Source text for Eikon: ID:nBSE6CwwPQ

Further company coverage: MARS.BO

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April 18 (Reuters) - Marsons Ltd MARS.BO:

• TO CONSIDER ISSUE OF EQUITY SHARES OF CO ON PREFERENTIAL BASIS

Source text for Eikon: ID:nBSEbJjm7M

Further company coverage: MARS.BO

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April 12 (Reuters) - Marsons Ltd MARS.BO:

• MARSONS LTD - APPROVED TO RAISE ADDITIONAL CAPITAL TO EXTENT OF 150 MILLION RUPEES

• MARSONS LTD - CAPITAL RAISE THROUGH PREFERENTIAL ISSUE OF EQUITY SHARES/ CONVERTIBLE WARRANTS

Source text for Eikon: ID:nBSECtLpS

Further company coverage: MARS.BO

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