MIC Electronics Limited announced today that it has secured two significant orders from the Indian Railways, totaling approximately Rs 1.71 crore.
In a filing with the stock exchanges, the company revealed it received a Letter of Acceptance (LoA) from the Pandit Deen Dayal Upadhyaya railway division of the East Central Railway zone. The scope of the work includes the provision of Electronic Coach Indication Boards (CIB) for Platform No. 7 at DDU station, fare display boards for UTS/PRS counters, and a video wall. The total value of this order stands at Rs 1,11,50,332.60.
Additionally, MIC Electronics received a separate order worth Rs 60 lakh for Emergency Lighting Units (ELU) from Indian Railways. Both orders are domestic and were awarded through a tender process.
According to the company, the orders are to be executed within six months from the date of the LoA. It also clarified that there is no related party interest in these transactions.
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