MIC Electronics Gains 3.77% as Company Secures Rail Orders Worth ₹1.16 Crore and Signs Semiconductor MoU with Chipex Technologies

Hyderabad, October 27, 2025: The share price of MIC Electronics Ltd (BSE: 532850, NSE: MICEL) climbed 3.77% to ₹57.02 as of 2:02 PM on Monday after the company announced a partnership with Chipex Technologies Pvt Ltd and received two work orders from the railways for ₹1.16 crore.

MIC Electronics Ltd, incorporated in 1988 and listed on both BSE and NSE, is engaged in the design, development, and manufacture of LED lighting and display systems. The company has diversified into Railway Electronics, Smart City infrastructure, and telecom solutions, serving public- and private-sector clients across India.

MoU with Chipex Technologies for Custom Semiconductor Development

MIC Electronics Ltd has signed a Memorandum of Understanding (MoU) with Chipex Technologies Pvt Ltd to design and develop custom semiconductor solutions jointly. This collaboration aims to create product differentiation and performance improvement and replace standard components with jointly developed custom silicon while providing long-term supply stability.

Through the development agreements, MIC and Chipex Technologies will jointly develop semiconductor chips for MIC’s product roadmap with the goal of improving energy efficiency, performance, and design ownership. There is no cross-shareholding or related party connection between MIC and Chipex Technologies regarding this collaboration.

By using custom semiconductor chips, MIC Electronics is looking to strengthen its manufacturing capabilities through relationships built on domain expertise associated with proprietary custom chip architectures and technology development, while further strengthening its commitment to product-level innovation and long-term competitive advantage in the global electronics marketplace.

Rail Infrastructure Orders Worth ₹1.16 Crore

MIC Electronics Ltd has received fresh orders totaling ₹1.16 crores from Indian Railways under the Amrit Bharat Station Scheme. The company has received Letters of Variation from two Railway Zonal headquarters to execute signalling, telecom, and passenger amenity works.

The South East Central Railway awarded Knowledge Marine & Engineering Works Ltd a ₹82.56 lakh contract on October 25, 2025, at 6:30 PM for signalling and telecom works across the Nainpur, Chhindwara, Seoni, and Mandlafort stations. Additionally, the Northern Railway sanctioned a ₹33.08 lakh project on October 26, 2025, at 7:17 PM, aimed at upgrading telecom systems and enhancing passenger amenities at stations within the Delhi Division.

Both contracts were awarded following the company’s participation in a direct tender, and both projects are aligned with the Indian Government’s Amrit Bharat Station modernization initiative to improve the infrastructure, connectivity, and passenger experience at key Railway stations.

Market Performance Snapshot

As of 2:02 PM, MIC Electronics Ltd shares were trading at ₹57.02, up 3.77% from the previous close. During the latest session, the stock was last seen at ₹55.09, after recording an intraday high of ₹58.69 and a low of ₹54.35. The company’s market capitalisation stands at approximately ₹1,370 crore, with a price-to-earnings (P/E) ratio of 143.45. Over the past year, the stock has fluctuated between a 52-week high of ₹97.15 and a 52-week low of ₹44.20, reflecting notable volatility in trade.

REF:https://nsearchives.nseindia.com/corporate/MICEL_27102025105343_LOA_27102025.pdf

https://nsearchives.nseindia.com/corporate/MICEL_27102025115410_MOU_Chipex.pdf

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