MIC Electronics Shares in Focus as Company Bags New Order from Indian Railways

Shares of MIC Electronics is in focus today as the company has bagged new order from Indian Railways.
The counter opened flat at Rs 81.20 on the BSE. However, it surged to hit the day’s high of Rs 82.50. Last seen, the counter was trading at Rs 81.
The company said that it has received a Letter of Acceptance from the Ratlam Division of the Western Railway Zone. MIC Electronics said that it will be supplying, doing installation, testing and commissioning of telecom material in connection with providing 12-m wide foot overbridged under Amirit Bharat Station Scheme (ABSS) at 14 stations of Western Railway Zone.
The aggregate value of the work order, it said, is Rs 86.44 lakh. The work will be completed in 10 months from the date of issue of Letter of Acceptance.
Earlier, the company received a Letter of Acceptance from the Lucknow Division of the Northern Railway Zone for the provision of an Integrated Passenger Information System at different stations ahead of Mahakumbh 2025.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)