MIC Electronics Share Price Gains Over 6%; Secures LOA Worth ₹114 Crore from Nava Raipur Atal Nagar Vikas Pradhikaran

MIC Electronics Limited has informed the stock exchanges about the receipt of a Letter of Acceptance for an infrastructure development project in Nava Raipur, Chhattisgarh, in compliance with SEBI Listing Regulations. 

Details of Letter of Acceptance Received by MIC Electronics 

On January 28, 2026, MIC Electronics Limited disclosed that it received a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran, Government of Chhattisgarh.  

The project relates to designing, engineering, supply, construction, testing, commissioning, AMC and operation and maintenance of infrastructure works at the Common Facility Centre in Sector 22, Nava Raipur Atal Nagar, Raipur. 

Project Value and Scope of Work 

The total consideration for the order stands at ₹114,10,15,210. The contract has been awarded through a tender process and is classified as a direct domestic order. The execution period for the project is set at 10 months from the date of agreement finalisation. 

Regulatory Disclosure Under SEBI Regulations 

The disclosure has been made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Additional details have also been provided in line with SEBI Circular dated July 13, 2023, covering material event disclosures. 

Read More: RailTel Share Price in Focus; Bags ₹27.04 Crore SD-WAN Order from APCPDCL! 

Additional Information on the Order 

The company clarified that none of its promoters, promoter group or group companies have any interest in the awarding authority. It also confirmed that the order does not fall under related party transactions and is not subject to arm’s length considerations. 

Date and Time of Order Award 

The Letter of Acceptance was issued on January 27, 2026, at 03:43 PM. Terms and conditions of the contract are expected to be finalised at the time of execution of the formal agreement between the parties. 

MIC Electronics Share Price Performance  

As of January 28, 2026, at 10:56 AM, MIC Electronics share price on NSE was trading at ₹37.85 up by 6.83% from the previous closing price. 

Conclusion 

The disclosure highlights MIC Electronics Limited’s receipt of a domestic infrastructure order from a government authority in Chhattisgarh. The company has shared all material details as required under applicable SEBI regulations for stakeholder information. 

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