
MIC Electronics Bags ₹2.21 Cr Orders from Indian Railways
MIC Electronics Limited has received two Letters of Acceptance (LOAs) from Indian Railways, totaling approximately ₹2.21 crore. The first order, valued at ₹1,12,14,148.93, is from the Nagpur Division, Central Railway, for the supply, installation, testing, and commissioning of Telecom assets/Passenger amenities IPIS at Wardha station, with an execution period of 6 months. The second is a variation order worth ₹1,09,45,604 from the Salem Division, Southern Railway, for the provision of a Passenger Information System under the Amrit Bharat Scheme at multiple stations and a 5-year Comprehensive Annual Maintenance Contract (CAMC). Both orders are domestic, direct orders obtained through tender, and do not involve related party transactions or promoter interest.
Key Highlights
- MIC Electronics secured two orders from Indian Railways.
- Total order value is approximately ₹2.21 crore.
- First order for ₹1.12 Cr from Central Railway, 6-month execution.
- Second order for ₹1.09 Cr from Southern Railway, 5-year CAMC.
- Orders are domestic and not related party transactions.
Price Impact
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