Deals22 Dec 2025, 11:08 am
MIC Electronics Receives LOA Variation Order from Central Railway for Rs. 1,05,31,118/-
AI Summary
MIC Electronics Ltd. has received a LOA variation order from Central Railway, Nagpur Division, for the supply, installation, testing, and commissioning of Telecom assets/Passenger Amenities at 7 stations of Nagpur Division under the Amrit Bharat Scheme. The total value of the work orders is Rs. 1,05,31,118/-. The orders were awarded by a domestic entity, and the time period for execution is not specified. The promoter/promoter group does not have any interest in the entity that awarded the order. The order does not fall under related party transactions and will be executed at 'arm’s length'.
Key Highlights
- MIC Electronics receives LOA variation order from Central Railway for Rs. 1,05,31,118/-
- Order for the supply, installation, testing, and commissioning of Telecom assets/Passenger Amenities at 7 stations of Nagpur Division under the Amrit Bharat Scheme
- Orders awarded by a domestic entity
- No related party transactions involved
- Orders to be executed at 'arm’s length'