MIC Electronics Limited has informed the Exchange about General Updates
MICEL · price
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MIC Electronics has received a Letter of Acceptance from the Palakkad Division of Indian Railways for the supply, installation, testing, and commissioning of an IPIS (Integrated Passenger Information System) at Kannur station. The project is part of the 'Amrit Bharath Station Scheme' aimed at improving passenger amenities, platforms, circulating areas, and parking. The order also includes a Comprehensive Annual Maintenance Contract (CAMC) for 6 years. The total order value is approximately Rs. 1.28 crore, to be executed within 6 months. The order was awarded via tender by a domestic government entity, and the company confirmed no related-party involvement.
This is a relatively small order (Rs. 1.28 crore) for MIC Electronics and is unlikely to materially move the stock on its own. However, it adds to the company's order book in the railways/transportation segment and signals continued order flow from government clients under the Amrit Bharath Station Scheme.