PSU Order Alert! MIC Electronics Secures Rs 1.45 Cr Railway Project; Do You Own?

Stock exchanges have been notified by MIC Electronics Limited that it has obtained a Letter of Acceptance (LoA) from Indian Railways' Firozpur Division of the Northern Railway Zone. The company has won another contract centered on infrastructure, with the award for the provision of Coach Guidance and Public Address (PA) systems at SVDK and SINA railway stations under the Jammu Division.

According to the official statement, the order's total value is Rs 1.46 crore, or Rs 1,45,75,627.69. The contract is categorized as a direct domestic order from a government agency and was granted through a competitive procedure. MIC Electronics will be in charge of carrying out the project within the allotted three months.

The company claims that after the official agreement is executed, the terms and conditions of the deal will be finalized. Further, the management has made it clear that none of the promoters or promoter group enterprises have any stake in the awarding authority. Furthermore, there are no issues with arm's length transactions because the order does not come under related party transactions.

On February 9, 2026, at 1:32 PM, the Letter of Acceptance was received, and the disclosure was given to the NSE (Symbol: MICEL) and the BSE (Scrip Code: 532850). In keeping with the broader movement to modernize railway stations throughout India, this order strengthens MIC Electronics' position in the passenger information systems and railway infrastructure sector.

A significant turning point in the company's product rollout plan was recently reached when MIC Electronics Limited notified the stock markets of the receipt of its first commercial order for PAPIS (Public Address and Passenger Information System). After a successful product clearance procedure, the order was obtained from Indian Railways' top production facility, the Railway Coach Factory (RCF), Kapurthala.

This development builds on MIC Electronics' December 23, 2024, statement that the company has approved CCA (Capacity cum Capability Assessment) for its GPS location-based PAPIS system. After receiving this order, the company moves from approval to execution and formally enters the commercial supply phase for this product category.

The company claims that this order is the first post-approval supply under the PAPIS category and lays the groundwork for broader deployments across railway coaches and potential repeat orders.

The share price of MIC Electronics Ltd. (MICEL) is Rs 41.85 on the National Stock Exchange (NSE) as of February 10, 2026. From its last close, the stock had a slight intraday drop of 0.57%. Due to strong buying pressure, the stock rose 4.99% on February 9, 2026, reaching its upper circuit at Rs 42.09. For the December 2025 quarter, MIC Electronics reported a 668% year-on-year surge in revenue to Rs 90.23 Crore, however net profit plunged by 13% from the same time the previous year.