Mic Electronics Secures Rs 114.10 Crore NRANVP Infrastructure Order to Expand Public Sector Projects

MIC Electronics Limited has received a large infrastructure order worth Rs 114.10 crore from a Chhattisgarh government agency, and the development coincides with a sharp rebound in the company’s share price, which hit its 10% upper circuit on the National Stock Exchange after a steep three-month decline.

The Letter of Acceptance (LoA) was issued by the Government of Chhattisgarh’s Nava Raipur Atal Nagar Vikas Pradhikaran (NRANVP) for infrastructure works at the Common Facility Center in Sector 22, Nava Raipur Atal Nagar, Raipur. MIC Electronics disclosed that the LoA was received on January 27, 2026, at 3:43 PM and that the contract will significantly add to its existing order book.

The contract covers design, engineering, supply, construction, testing, commissioning, Annual Maintenance Contract (AMC), and Operation & Maintenance (O&M) for the Common Facility Center project. MIC Electronics classified this mandate as a direct domestic order, since it was awarded through a tender process by a domestic government authority, and the company expects the works to be finished within ten months from the agreement execution date.

Management has clarified that the awarding body has no relevance to the promoters or any promoter group entities, and MIC Electronics has also stated that the order does not involve related party transactions. According to the company, securing this LoA is expected to strengthen its role in large infrastructure and government-driven assignments, supporting its broader strategy to participate in more public sector projects.

The company provided key commercial details of the new order in its exchange filing, including value, type and implementation timeline, which are summarised below for reference by investors tracking MIC Electronics and similar engineering-focused businesses.

Parameter	Details
Client	Nava Raipur Atal Nagar Vikas Pradhikaran (NRANVP)
Project location	Common Facility Center, Sector 22, Nava Raipur Atal Nagar, Raipur
Order value	Rs 114.10 crore
Order type	Direct domestic order via tender
Scope	Design, engineering, supply, construction, testing, commissioning, AMC and O&M
Project duration	Ten months from agreement execution date

On January 28, 2026, MIC Electronics Ltd. (MICEL) traded at Rs 38.97 on the National Stock Exchange, compared with a previous close of Rs 35.43. The stock hit its 10% upper circuit during the session and was up 9.99% for the day, after touching a 52-week low of Rs 33.31 just one trading day earlier.

The share had fallen roughly 59% over the preceding three months despite very strong long-term performance, with returns of nearly 3,400% over the last five years. Market data show that MIC Electronics currently has a market capitalisation of about Rs 939 crore, a price-to-earnings (P/E) ratio of 98.04, and an earnings per share (EPS) figure of Rs 0.40.

Metric	Figure
Share price (NSE, 28 Jan 2026)	Rs 38.97
Previous close	Rs 35.43
52-week low (previous day)	Rs 33.31
Three-month price change	Loss of about 59%
Five-year return	Nearly 3,400%
Market capitalisation	Around Rs 939 crore
P/E ratio	98.04
EPS	Rs 0.40

Alongside the project announcement and share price movement, MIC Electronics has informed exchanges that the board of directors will convene on Saturday, January 31, 2026. The agenda includes reviewing and approving the company’s un-audited standalone and consolidated financial results for the quarter that ended on December 31, 2025, which will be closely watched after the recent volatility in the stock.

Founded in 1988 and headquartered in Hyderabad, MIC Electronics Limited focuses on the design and manufacture of LED video displays, high-end power equipment, telecommunications equipment, and telecom software solutions. The new infrastructure mandate and upcoming board meeting place additional attention on the company’s execution capabilities, financial performance, and visibility in large-scale government projects.