MIC Electronics Ltd Secures Major Contracts with Central and Southern Railways
MIC Electronics Ltd has recently announced the securing of two significant contract wins from the Indian Railways sector, enhancing its position in the railway infrastructure and telecommunications assets market. The contracts involve crucial projects for both the Central Railway (CR) and the Southern Railway (SR) zones.The company received a Letter of Acceptance (LOA) from the Signal and Telecommunication (S&T) department of the Nagpur Division, Central Railway (CR) Zone of Indian Railways. This contract pertains to the Supply, Installation, Testing & Commissioning of Telecom assets and Passenger amenities IPIS at the Wardha station in the Nagpur division. The value of this Central Railway order is reported as Rs. 1,12,14,148.93.
Separately, MIC Electronics Ltd also received an LOA variation order from the Salem Division of the Southern Railway (SR) Zone of Indian Railways. This contract covers the provision of a Passenger Information System under the Amrit Bharat Scheme. The scope of work includes locations at Tirupattur, Samalpatti, Morappur, Bommidi, and Salem stations, along with a CAMC for a period of five years within the Salem Division. The financial value associated with this Southern Railway contract is Rs. 1,09,45,604.
The company’s recent engagements highlight its involvement in critical railway modernization projects. Both contracts were awarded by domestic entities and were secured through a direct order process participated through tender.
The details of the secured orders are summarized below:
| Contract Detail | Central Railway (Nagpur Division, CR) | Southern Railway (Salem Division, SR) |
|---|---|---|
| Order Type | Letter of Acceptance (LOA) | LOA variation order |
| Scope | Telecom assets/Passenger amenities IPIS at Wardha station | Provision of Passenger Information System (Amrit Bharat Scheme) and CAMC for five years |
| Value | Rs. 1,12,14,148.93 | Rs. 1,09,45,604 |
| Date of Occurrence | April 15, 2026, at 12:35 P.M. | April 16, 2026, at 9:41 AM |
The company has noted that both orders are not considered related party transactions, and the terms and conditions for both contracts are subject to finalization upon the execution of the respective agreements.
MICEL Stock Price Movement
As of 11:29 AM, shares of MIC Electronics Limited are gaining momentum, currently trading at ₹41.67, which reflects a 2.43% jump for the day. This positive movement is underpinned by robust trading activity, recording a volume of 678,258 shares.Source:
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