MIC Electronics bags order of Rs2.02 crore; Stock gains 4%

22 Nov 2022 , 09:18 AM

MIC Electronics Ltd announced to the exchanges regarding receipt of Letter of Acceptance from Ratlam Division S and T, Ratlam, Madhya Pradesh, (Western Railway).

As per the filing, the Company has been awarded the tender for supply, installation, testing, commissioning and comprehensive annual maintenance contract of telecom material in connection with:

• Indore — replacement of 05 lines train display board on codal basis.
• Provision of new CGS boards at NMH PF 02, Train display boards & GPS clocks at 33 Nos. stations under MEA.
• Replacement of train display board at 7 stations, at a glance display board at 4 station and replacement of Analog/GPS clocks at 67 on codal life basis by the Ratlam Division – S and T, Sr DSTE office, DRM, Ratlam, Madhya Pradesh, Western Railway on November 21, 2022.

Further, the value of the said tender is Rs2,02,00,808.42/- (Rupees Two Crore Two Lakh Eight Hundred and Eight and Forty-Two Paisa only). The letter of acceptance is enclosed, the company said.

At around 9:18 AM, MIC Electronics Ltd is currently trading at Rs11.68 per share up by Rs0.48 or 4.29% from its previous closing of Rs11.20 per share on the BSE.

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