We wish to inform you that the company has received a letter of acceptance from the Chhattisgarh Environment Conservation Board for an amount of Rs. 3,78,00,000/- for the design, supply, ....
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MIC Electronics Ltd has received a Letter of Acceptance from the Chhattisgarh Environment Conservation Board for the design, supply, installation, and maintenance of lab furniture for a central environmental laboratory in Nava Raipur. The order value is Rs. 3.78 crore (approximately Rs. 3,78,00,000). The order was awarded through a domestic tender process and is not a related party transaction. Execution timeline is 12 months from the date of award.
This represents a new government contract for the company, which could provide revenue visibility over the next 12 months. The stock may see positive sentiment given the order win, though the impact depends on the company's total revenue size.