Deals15 Jul 2025, 09:26 am
MIC Electronics Secures Rs. 1 Crore 28 Lakh IPIS System Supply Contract from Palakkad Division
AI Summary
MIC Electronics Ltd has received a Letter of Acceptance from the Palakkad Division S and T, Railway Divisional Office, Signal and Telecommunication Branch, Palakkad, for Supply, installation, testing and commissioning of IPIS system at Kannur station. The aggregate value of the work order is Rs. 1,28,34,157.90. The order is a direct domestic order with a 6-month execution period, starting from the date of issue of the Letter of Acceptance.
Key Highlights
- MIC Electronics secures a work order worth Rs. 1,28,34,157.90 from Palakkad Division
- The order is for Supply, installation, testing and commissioning of IPIS system at Kannur station
- The order is a direct domestic order
- The execution period of the order is 6 months from the date of issue of Letter of Acceptance
- The order is not a related party transaction