Mic Electronics Secures Landmark Order From Tirumala Tirupati Devasthanam

Image Source : tv9telugu.com

Hyderabad-based Mic Electronics Limited has announced a significant development, securing a letter of acceptance from Tirumala Tirupati Devasthanam for the installation of LED display boards at Tirumala. The order, valued at 56.95 lakh rupees, is expected to enhance information dissemination for pilgrims visiting the revered temple.

Key Highlights

- Mic Electronics has received a letter of acceptance from Tirumala Tirupati Devasthanam for providing LED display boards at Tirumala.
- The total value of the project is 56.95 lakh rupees, with completion expected within two months.
- The company’s stock opened at 70.80 rupees today, reflecting investor optimism following the announcement.
- The stock has delivered a multibagger return of 255 percent in two years and 310 percent in three years.

Project Scope And Implementation

The order involves the installation of LED display boards designed to provide consolidated information to pilgrims at Tirumala. The initiative aims to improve communication and accessibility, ensuring visitors receive real-time updates on temple activities, schedules, and important announcements.

Stock Performance And Market Reaction

Following the announcement, Mic Electronics shares opened in the green at 70.80 rupees, gaining further to touch an intraday high of 70.97 rupees before experiencing selling pressure. The stock has demonstrated strong long-term performance, delivering substantial returns over the past five years.

Previous Orders And Business Expansion

Mic Electronics has been actively securing new contracts, including a recent order from Indian Railways worth 1.11 crore rupees. Additionally, the company received another order of 60 lakh rupees for supplying emergency lighting units for railway operations. These developments highlight the company’s growing presence in the electronic display and lighting solutions sector.

Industry Outlook And Future Prospects

The demand for digital display solutions continues to rise, driven by advancements in smart infrastructure and public communication systems. Mic Electronics’ latest order from Tirumala Tirupati Devasthanam reinforces its position as a key player in the industry, with further growth expected in the coming months.

Source: Mic Electronics Limited, Tirumala Tirupati Devasthanam