MIC Electronics Limited (MICEL) | Stock Performance Analysis

MIC Electronics secures order for passenger information system enhancement in Mysuru railway division

Securing this contract bolsters MICEL’s foothold in the railway infrastructure sector, solidifying its position as a prime player.

About Order

MIC Electronics Limited (MICEL) has been awarded a contract by the Mysuru Division of the South Western Railway Zone for the enhancement of passenger amenities. This project signifies the company’s continued focus on the railway infrastructure sector and its commitment to providing improved passenger experiences.

The project involves installing an Integrated Passenger Information System (IPIS) at four railway platforms in Mysuru Division, with a contract value of Rs 1,76,94,831.87 (approximately Rs 1.77 crore) and a timeline of 6 months from the date of issuance of the Letter of Acceptance.

The IPIS will provide real-time information on train arrivals, departures, and platform assignments, enhancing passenger convenience and reducing wait times. This project strengthens MICEL’s position in the railway infrastructure sector, showcasing its expertise in providing technology-driven solutions for passenger convenience. The contract reinforces MICEL’s commitment to ethical business practices, confirming the absence of any related party transactions associated with the order.

This contract win demonstrates MICEL’s dedication to contributing to the improvement of railway infrastructure in India. The successful execution of this project is expected to further solidify the company’s position as a reliable partner for railway authorities seeking to enhance passenger experiences.

Share Price Movement

At present, the shares of the company are trading at Rs 44.20 down by 1.23% or 0.55 points as compared to the previous day’s closing of Rs 44.75. Today, the share opened at Rs 45 and touched intraday highs and lows of Rs 45.34 and Rs 43.15, respectively.

About Company

MIC is a pioneer in the development and implementation of products and services. The company has a direct presence in North American and Australian markets, with subsidiaries in Sydney, Melbourne, Santa Clara, and Seoul. It has clients like Air India, BSNL, BHEL, LIC, MTNL, Indian Railways, Procter & Gamble, L&T, IDBI Bank, Reliance Industries, and Maruti Udyog. MIC manufactures LED display products for indoor and outdoor displays, street lighting, railway lighting, solar lighting, industrial and commercial lighting, and domestic lighting.

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