MIC Electronics Wins Indian Railways Orders Worth ₹17.62 Crore

Mumbai, September 16, 2025: MIC Electronics Ltd (BSE: 532850, NSE: MICEL) gained 0.21% to ₹70.10 at 1:25 pm on Tuesday after the company announced receipt of new railway orders worth ₹17.62 crore.

MIC Electronics Ltd was incorporated in 1988 and is headquartered in Hyderabad. The company is listed and has business interests in the production of LED displays, lighting, and electronic solutions for railways. It deals with both domestic and government customers, with a deep imprint in Indian Railways’ infrastructure projects.

Key Trigger for Stock Movement

The company has reported the receipt of two big orders from Indian Railways, adding further strength to its position in the rail infrastructure segment.

• The initial order, given by the Sambalpur Division of Indian Railways in Odisha, is worth ₹1,19,73,573.30. It is a direct order given on a tender basis, and it has to be completed within six months.
• The second order received from the Integral Coach Factory (ICF), Chennai, is worth ₹56,47,291.20 and has to be completed within nine months. Both the orders were given after the tender participation and are domestic contracts in nature.

The company assured that none of the promoters or the promoter group companies are interested in the awarding authorities. Additionally, the orders don’t come under related-party transactions. Terms and conditions will be determined at the execution of the agreements time.

The awards were made on a formal basis on September 15, 2025, at 10:30 a.m. (Sambalpur Division) and 8:40 a.m. (ICF Chennai) respectively. These back-to-back order victories reflect the firm’s execution strength in rail projects and enrich its pipeline in India’s rapidly growing rail infrastructure business.

Share Price Update

MIC Electronics Ltd stocks were quoting at ₹70,10 on a 0.21% rise on September 16, 2025, at 1:21 PM IST. MIC Electronics Ltd stocks have appreciated by 46% over the last year, up 16% over the last six months, and down 29% over the previous year.

MIC Electronics Ltd began trade on Tuesday at ₹71.04, hit an intra-day high of ₹73.10, and fell to an intra-day low of ₹69.98. The firm’s current market capitalisation is ₹1,690 crore (1.69K Cr). The stock is now quoted at a price-to-earnings (P/E) ratio of 176.45. In the last 52 weeks, MIC Electronics has moved between a high of ₹114.79 and a low of ₹44.20, a wide range of volatility.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/5b2043f7-68a6-46d8-9061-25bc39d9b402.pdf

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