MIC Electronics secures new orders worth Rs 9.07 crores

MIC Electronics Ltd has announced that the company has secured several orders for its products.

The company has secured an order for installation of True Colour LED Video Display Systems for passenger Information at Hubli, South Western Railway, order worth Rs. 1.33 crores.

An order worth Rs. 3.69 crores for installation of Indoor True Color LED video display systems received from WIZCRAFT for their prestigious project "Kingdom of Dreams" the ultimate entertainment and leisure destination at Gurgaon.

Another order worth Rs. 1.80 Crore from Western and Southern Railways for installation of LED Emergency Lighting in Coaches by M/s. Maave Electronics Pvt Ltd an 100% subsidiary of MIC.

The company received trail orders worth Rs. 2.25 crores received from Industrial houses and FMCG company for supply of LED Luminaries of 60 W to 120 W and few more in pipe line from industrial houses for LED Luminaries.

In Furtherance to MOU with Indian Oil Corporation MIC launches LED solar lanterns through IOC outlets in the seven states of north east namely Assam, Nagaland, Arunachal Pradesh, Manipur, Meghalaya, Mizoram and Tripura.

The stock was trading at Rs.47.60, up by Rs.0.20 or 0.42%. The stock hit an intraday high of Rs.49.40 and low of Rs.47.10.

The total traded quantity was 1010573 compared to 2 week average of 740068.

Source : Equity Bulls

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