MIC Electronics Secures Major Railway Contract: Order Worth Rs. 86.44 Lakh

Introduction

MIC Electronics Limited, a prominent player in the electronic industry, has recently received a significant order from the Ratlam Division of the Western Railway Zone. This order marks a key milestone in the company’s journey, highlighting its growing footprint in the railway infrastructure sector.

Order Details

The order involves the supply, installation, testing, and commissioning of telecom materials. This work is part of a larger project under the Amrit Bharat Station Scheme (ABSS) to connect platforms via a 12-meter-wide foot overbridge at 14 stations. The total value of this contract is approximately Rs. 86,44,051.35, reflecting MIC Electronics’ competitive edge in the market.

Execution Timeline

The project is expected to be completed within 10 months from the issuance of the Letter of Acceptance, dated September 6, 2024. This timeline underscores the company’s commitment to delivering high-quality services promptly.

No Related Party Transactions

It is important to note that this order does not involve any related party transactions, ensuring transparency and compliance with SEBI regulations. The terms and conditions of the order will be finalized at the time of execution, demonstrating the standard industry practice for such contracts.

Significance of the Order

This contract not only bolsters MIC Electronics’ order book but also strengthens its position in the railway infrastructure sector, contributing to the company’s growth trajectory. The order underscores MIC’s capability to handle large-scale projects, enhancing its reputation and market presence.

Conclusion

This latest achievement marks a significant step for MIC Electronics as it continues to expand its influence in the electronic and infrastructure sectors. Stakeholders can look forward to the successful execution of this order, further solidifying MIC’s role as a trusted partner in the industry.

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