MIC Electronics Secures Rs. 114 Crore Order from Nava Raipur Authority
Filing Summary
MIC Electronics Ltd has received a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran for a project valued at Rs. 114 Crore. The project involves designing, engineering, supply, construction, testing, commissioning, and maintenance of infrastructure works at a common facility center in Sector 22, Nava Raipur Atal Nagar. The order, awarded through a tender process, is expected to be executed within 10 months. The company confirms no related party transactions are involved. This update is in compliance with SEBI regulations and is intended for stakeholder information.
MIC Electronics Ltd has announced the receipt of a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran for a project worth Rs. 114 Crore. The project involves comprehensive infrastructure works at a common facility center located in Sector 22, Nava Raipur Atal Nagar.
The scope of the project includes designing, engineering, supply, construction, testing, commissioning, and the operation and maintenance of the infrastructure. The order was secured through a tender process and is classified as a direct order from a domestic entity. The execution period for the project is set at 10 months from the date of the order.
The terms and conditions of the order will be finalized at the time of the agreement’s execution. MIC Electronics has clarified that there are no interests from the promoter or promoter group companies in the entity awarding the order. Additionally, the transaction does not fall under related party transactions.
The order was officially awarded on January 27, 2026, at 03:43 PM. This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is intended to inform all stakeholders of the company.
Nava Raipur Atal Nagar Vikas Pradhikaran is a government body responsible for the development and management of infrastructure in Nava Raipur Atal Nagar, Chhattisgarh. The authority focuses on urban planning and development projects to enhance the region’s infrastructure and facilities.
MIC Electronics Ltd specializes in the design and manufacture of electronic and LED display systems. The company focuses on expanding its portfolio in infrastructure projects and enhancing its technological capabilities to meet diverse client requirements. MIC Electronics continues to engage in projects that align with its strategic objectives in the electronics and infrastructure sectors.