MIC Electronics Limited has informed the Exchange about General UpdatesPlease find enclosed intimation regarding the letter of acceptance received from Sambalpur Division, East Coast Railway Division of Indian Railways.
MICEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MIC Electronics Limited has received a Letter of Acceptance from Sambalpur Division, East Coast Railway Zone of Indian Railways for the supply of Coach Indication Boards (CIB) and Train Indication Boards (TIB) at multiple platforms across the division. The total order value is approximately Rs. 2.13 crore (Rs. 2,12,68,360.23) and is to be executed within 6 months. The order was awarded through a competitive tender process and is a domestic contract with no related party involvement.
This is a small-ticket order from a government railway division and is unlikely to materially move the stock on its own, but it adds to the company's order book from Indian Railways, which may support steady near-term revenue.