Saturday, July 13, 2024

MIC Electronics Ltd. Receives Approval for Emergency Lighting System fromthe Ministry of Railway

MIC Electronics Limited (BSE: 532850, NSE: MICEL), a global leader in the design, development, and manufacturing of LED video displays, has announced that Ministry of Railways approved the capacity cum capability assessment of the company for Emergency
Lighting System for EOG Type LHB AC & NAC Coaches.

Earlier, the company announced that it closed its QIP issue, and the board approved the issue and allotment of 1,95,65,217 equity shares to eligible qualified institutional buyers at the issue price of ₹ 46 per shares. Amongst the QIBs, the company allotted shares to Antara India Evergreen Fund Ltd., Coeus Global Opportunities Fund, and Minerva Ventures Fund.

Recently the company had announced that it received a Letter of Acceptance from the Firozpur Division of the Northern Railway Zone for the provision of coach guidance display boards at major and important stations in the Firozpur (FZR) Division. The aggregate value of the said work order is Rs. 3,04,95,149.54/-. Further, the company has received a Letter of Completion/Installation Certificate from Rajkot Division of Western Railway Zone for the
completion of DWK PF-1 CGDB and IPIS System work at Hapa station Earlier, the company had announced that it had incorporated a subsidiary, i.e. M/s. SOA Electronics Trading LLC, a wholly owned subsidiary of MIC Electronics Limited in Dubai, UAE.

MIC Electronics Limited is a global leader in the design, development, and manufacturing of LED video displays, high-end electronic and telecommunication equipment, and the development of telecom software since 1988. An ISO 9001:2008 and ISO 14001:2004 certified company, it has established a strong presence in the dynamic fields of LED Video, Graphics, and Text Displays, LED Lighting Solutions, Embedded, System, and Telecom Software and Communication and Electronic Products.

MIC’s flagship products, LED video displays (indoor, outdoor, and mobile), have become integral to sports stadiums, transportation hubs, digital theatres, theme parks, advertisements, and public information displays.

Headquartered in Hyderabad, one of India’s fastest-growing IT cities, MIC has a nationwide
presence through a vast network of marketing, sales, and service support centers in all major metropolitan areas of India. The company is also expanding its operations into international markets.

MIC has been a pioneer in developing and implementing a wide range of products and services in LED displays, telecom software, IT services, and communication and electronic products.

Among its many achievements, MIC is notably the first company to receive TEC approval for its indigenous telecom equipment, the Digital Loop Carrier. Since venturing into the export market in 1994 and beginning on-shore software development contracts in 2005, MIC’s accomplishments reflect its expertise, profound market knowledge, and commitment to innovation.

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