MIC Electronics Limited announced on Monday, September 15, that it has received two Letters of Acceptance (LOAs) from Indian Railways divisions, with a combined value of Rs 1.76 crore.
The first order, worth Rs 1.19 crore, has been awarded by the Sambalpur Division (Odisha) for the shifting of existing Coach Indication Board Systems and Auto Announcement Systems at Amrit Bharat stations across SBP, BRGA, BLGR, TIG, KSNG, KBJ, SBPY, and MSMD stations.
The second order, valued at Rs 56.47 lakh, has come from the Integral Coach Factory, Chennai (Northern Railway) for the supply of LED Emergency Lights (RDSO/SPEC/0180/TY-2).
Both projects were secured through tenders and are expected to be executed within 6 to 9 months. MIC Electronics clarified that none of its promoters or promoter group companies have any interest in the awarding entities and that the orders do not fall under related party transactions.
This fresh win strengthens MIC Electronics’ presence in the railway segment, where it already has a footprint in display and announcement systems.
