MIC Electronics Wins New Indian Railways Orders Worth Over Rs 2.2 Crore

The latest update is out from MIC Electronics Limited ( (IN:MICEL) ).

MIC Electronics Limited has secured a Letter of Acceptance from the Signal and Telecommunication department of the Nagpur Division in the Central Railway zone to supply, install, test, and commission telecom assets and passenger amenities IPIS at Wardha station, a contract valued at about Rs. 1.12 crore to be executed over six months. The company has also received a variation order from the Salem Division in the Southern Railway zone to provide Passenger Information Systems under the Amrit Bharat Scheme at several stations, along with five years of comprehensive maintenance, adding business worth roughly Rs. 1.09 crore and reinforcing MIC’s role as a key technology partner to Indian Railways while expanding its long-term revenue visibility through multi-year service commitments.

These new orders, both awarded through domestic tenders and confirmed as non-related-party transactions, deepen MIC Electronics’ engagement with strategic railway modernization initiatives. The combination of project-based execution in Nagpur and extended maintenance obligations in Salem is set to support the company’s order book, enhance its operational footprint across railway zones, and potentially improve earnings stability through recurring service income.

More about MIC Electronics Limited

MIC Electronics Limited operates in the electronics and display solutions sector, with a notable presence in supplying passenger information and telecom systems to Indian Railways and other infrastructure projects. The company focuses on providing installation, testing, commissioning, and maintenance services for information and communication assets at railway stations across multiple zones in India.

Average Trading Volume: 116,939

Technical Sentiment Signal: Hold

Current Market Cap: 9.27B INR

Find detailed analytics on MICEL stock on TipRanks’ Stock Analysis page.