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MIC Electronics has received a Letter of Acceptance from the Palakkad Division S and T, Railway Divisional Office, Signal and Telecommunication Branch, Palakkad, for Supply, installation, testing and commissioning of IPIS system at Kannur station in connection with the work 'Improvements to Passenger Amenities including improvements to platform, development of Circulating area and Parking & Provision of IRS type Platform shelters of KANNUR Station under Amrit Bharath Station Scheme' with CAMC for 6 years.
The aggregate value of the said work order is Rs. 1,28,34,157.90/-.
The order is for the supply, installation, testing, and commissioning of the Integrated Passenger Information System (IPIS) at Kannur railway station.
The scope of work falls under the broader initiative for passenger amenity upgrades, which includes platform improvements, development of the circulating area and parking facilities, and provision of IRS-type platform shelters.
The project is part of the Amrit Bharat Station Scheme and includes a comprehensive annual maintenance contract (CAMC) for a period of 6 years.
The company stated that none of the promoter, promoter group, or group companies has any interest in the entity that awarded the order. It further clarified that the order does not fall under related party transactions.
MIC Electronics specializes in the design, development, and manufacturing of LED video displays as well as high-end electronics and telecommunications products.
The company's consolidated net profit plummeted by 92.8% to Rs 3.57 crore, despite a significant 95.3% increase in revenue from operations, which rose to Rs 44.85 crore in Q4 FY25 compared to Q4 FY24.