MIC Electronics Develops Innovative PAPIS System for Indian Railways

About Development

MIC Electronics Limited has announced a significant breakthrough in railway technology with the development of a cutting-edge GPS (Global Positioning System) based Public Address System (PA), Passenger Information System (PIS) (“PAPIS”), and LED Destination boards. Designed to enhance passenger experience and railway operations, this innovative system is compatible with both new and existing LHB/ICF type AC and non-AC coaches, including pantry cars and power cars.

The PAPIS system adheres to the stringent standards set forth by the Research Designs and Standards Organization (RDSO), specifically RDSO/CG-18001 (Rev.2). MIC Electronics has submitted an application for Capacity Cum Capability Assessment (CCA) to validate the system’s compliance and readiness for deployment.

This development marks a crucial step towards modernizing India’s railway infrastructure. The GPS-enabled PAPIS system is expected to provide passengers with real-time information, including train location, station announcements, and emergency alerts. Additionally, the LED destination boards will offer clear and up-to-date information about the train’s destination.

MIC Electronics’ achievement is a testament to its commitment to technological advancement and its contribution to the growth of India’s transportation sector. The company’s success in developing this state-of-the-art system positions it as a key player in the railway technology landscape.

Share Price Movement

MIC Electronics Ltd. (MICEL), with the stock code 532850 is currently trading at Rs 88.89, down Rs 1.98 or 2.18% from the previous closing price of Rs 90.87. Today’s trading range saw a high of Rs 89.00 and a low of Rs 86.33, with a VWAP of Rs 86.66. Over the past year, the stock has reached a high of Rs 100.02 and a low of Rs 23.00. The current price band is Rs 95.41 (5%) as the upper limit and Rs 86.33 (5%) as the lower limit.

About MIC Ltd

MIC Electronics, founded in 1988, is a global leader in designing, developing, and manufacturing LED video displays, high-end electronic and telecommunication equipment, and telecom software. The company has a history of pioneering in these areas, including the development of indigenous telecom equipment like the Digital Loop Carrier. MIC has received ISO-9001:2000 certification for its quality management system and has a presence in North American and Australian markets. The company manufactures LED display products, LED lighting products, and ICT products for various applications, including display, telecom switch, network management, computer telephony solutions, wireless telephone products, and wire-line telecom equipment.

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