MIC Electronics Ltd Secures Rs. 1,76 Cr Orders from Indian Railways

MIC Electronics Ltd has announced the receipt of two Letters of Acceptance (LOA) from Indian Railways. The first LOA is from Sambalpur Division for Shifting of existing Coach Indication Board Systems and Auto Announcement System at Amrit Bharat stations for an amount of Rs. 1,19,73,573.30. The second LOA is from Integral Coach Factory, Chennai NORTHERN RLY for LED Emergency Light — RDSO/SPEC/0180/TY-2 for an amount of Rs. 56,47,291.20. The total value of the orders is Rs. 1,76,20,864.50. The orders are direct, participated through tender, and are to be executed within 6 and 9 months respectively. The company assures that there are no related party transactions involved and none of the promoter/promoter group companies have any interest in the entity that awarded the order.