MIC Electronics Limited (MICEL) has secured a ₹1.5 crore contract from the Vijayawada Railway Division to implement IP-based Integrated Passenger Information Systems at ANV and YLM Railway Stations. The project encompasses design, supply, installation, testing, and commissioning, with a 12-month execution timeline.
Contract Highlights
- Contract Value: ₹1,49,88,884.77
- Scope of Work: Design, supply, installation, testing, and commissioning of integrated passenger information systems
- Project Locations: ANV and YLM Railway Stations, Vijayawada Division
- Execution Timeline: 12 months
This contract reflects MIC Electronics’ growing presence in the railway infrastructure sector and reinforces its operational capabilities in technology-driven passenger services.
Financial Context
MIC Electronics’ recent financial performance demonstrates robust growth:
| Metric | Value (₹ in crore) | Year-on-Year Change |
| Total Assets | 314.00 | +123.01% |
| Current Assets | 173.70 | +184.29% |
| Total Equity | 222.60 | +82.46% |
The strengthened asset base and equity position provide a solid foundation for executing the new railway contract efficiently.
Summary
MIC Electronics Limited has won a ₹1.5 crore contract to deploy IP-based integrated passenger information systems at two Vijayawada Division stations. With a 12-month execution timeline and strong financial backing, the project bolsters the company’s footprint in the railway infrastructure technology space.
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