MIC Electronics Limited has received a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran, Government of Chhattisgarh, for infrastructure works at a common facility centre in Sector 22, Nava Raipur. The ₹114 crore project includes design, engineering, supply, construction, commissioning, and long-term operation and maintenance responsibilities.
MIC Electronics Limited, an ISO-certified company listed on both BSE (Scrip Code: 532850) and NSE (Symbol: MICEL), announced that it has secured a significant infrastructure order worth ₹114.10 crore from Nava Raipur Atal Nagar Vikas Pradhikaran.
The project scope covers designing, engineering, supply, construction, testing, commissioning, AMC, and operation & maintenance of infrastructure works at a common facility centre in Sector 22, Nava Raipur. The order was awarded through a tender process and is expected to be executed within 10 months.
The company clarified that the promoters or promoter group have no interest in the awarding entity, and the transaction does not fall under related party arrangements. This development marks a major milestone in MIC Electronics’ expansion strategy, reinforcing its capabilities in delivering large-scale infrastructure solutions.
Key Highlights
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Order value: ₹114.10 crore.
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Awarding authority: Nava Raipur Atal Nagar Vikas Pradhikaran, Government of Chhattisgarh.
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Scope: Design, engineering, supply, construction, commissioning, AMC, and O&M.
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Execution timeline: 10 months.
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No related party involvement; awarded via tender process.
Sources: Company filing with BSE & NSE, MIC Electronics Limited disclosure