MIC Electronics Limited has informed the Exchange about the receipt of the LOAs (letters of acceptance) intimation.
MICEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MIC Electronics Limited has received two LOAs from Indian Railways divisions. The first order is from Nagpur Division, Central Railway for supply, installation, testing and commissioning of telecom assets and passenger amenities at Wardha station worth Rs. 1.12 crore with a 6-month execution period. The second order is from Salem Division, Southern Railway for provision of Passenger Information Systems at four stations under the Amrit Bharat Scheme worth Rs. 1.09 crore, including a 5-year CAMC (Comprehensive Annual Maintenance Contract). Both orders are domestic tenders and total approximately Rs. 2.21 crore.
The orders demonstrate continued business flow from government entities (Indian Railways), providing revenue visibility. However, the combined value of Rs. 2.21 crore is relatively modest and may have limited immediate impact on stock price unless it represents a significant portion of the company's annual revenue.