Stock exchanges have been notified by MIC Electronics Limited that it has received a Letter of Acceptance (LOA) variation order from Central Railway, Nagpur Division.
The variation order pertains to the supply, installation, testing, and commissioning of telecom assets and passenger amenities at seven railway stations in the Nagpur Division.
The projects in question are being carried out as part of the Government of India’s Amrit Bharat Scheme, which aims to upgrade passenger services and modernize railway infrastructure nationwide.
MIC Electronics’ order book in the railway infrastructure segment is strengthened by the variation order’s total value of Rs 1.05 Cr. Central Railway, Nagpur Division, a domestic organization, awarded the order through a direct tender-based method.
The order has been awarded by a domestic authority; no promoter or promoter group entity has any interest in the awarding authority, the transaction does not fall under related party transactions, the order is being executed on an arm’s length basis, and the final terms and conditions will be specified at the time of formal agreement signing, according to MIC Electronics.
The order was officially received on December 22, 2025, at 09:39 AM, although the exact execution schedule has not yet been finalized. The company will carry out the project execution in accordance with the contract that will be signed with Central Railway. This order significantly strengthens MIC Electronics’ position in passenger information systems and railway telecom, two of the company’s primary areas of focus.
On Monday, 22nd December, the shares of MIC Electronics ended on the NSE at Rs 44.55 apiece with an upside gap of 1.41% from the previous close.
Over the past year, MIC Electronics’ stock has seen significant fluctuation. The stock saw a major correction, falling to a 52-week low of Rs 41.66 on December 9, 2025, after reaching a 52-week high of Rs 91.00 on January 6, 2025. The stock is trading around 51% below its 52-week high at the current market price of Rs 44.55, demonstrating the extent of its fall from peak levels. It has, however, recovered almost 7% from its 52-week low, suggesting that some buying activity is beginning to emerge in the range of lower levels.
