Latest news with #MICElectronicsLimited
Hans India
5 days ago
- Business
- Hans India
MIC Electronics Achieves BIS Certification, Strengthening Leadership in Smart City & Infrastructure Solutions
MIC Electronics Limited, a leading producer of LED lighting and display solutions, has received Bureau of Indian Standards (BIS) Certification for its LED Street Lighting, Interactive Flat Panels, and Visual Display Units. The certification strengthens its eligibility and opens doors to greater opportunities in India's major Smart City, transportation, and public infrastructure projects. The BIS Certification will allow MIC Electronics to participate in central and state government tenders, PSU projects, and select international procurement opportunities. It also strengthens market confidence in MIC's products, allowing the company to target India's fast-growing LED street lighting market valued at USD 580 million. In addition to this they can also target the USD 1 billion interactive display markets. MIC's certified solutions are completely Made in India and deliver up to 60% energy savings. As of today, they are already deployed in large-scale projects for Indian Railways, Greater Hyderabad Municipal Corporation, and Tirumala Tirupati Devasthanams. Nationwide, every 10,000 MIC LED streetlights installed save approximately 2.6–2.9 GWh annually, reducing CO₂ emissions by over 2,300 tonnes. "For us, BIS certification is more than a milestone as it also helps in establishing credibility," said Rakshit Mathur, CEO, MIC Electronics Limited. "It assures our customers of quality and with superior performance and at the same time, it gives us a competitive edge in high-value government and smart city projects. As a proudly Made-in-India company, we look forward to delivering solutions that can meet global standards." MIC is expanding its product range with 100,000 sq. ft. BIS & ISO-certified facility in Hyderabad and advanced SMT manufacturing lines. They will also incorporate higher-precision LED modules, brighter outdoor displays, and collaborative projects with ad-tech agencies and EPC contractors to power India's next wave of smart infrastructure.
Indian Express
19-07-2025
- Business
- Indian Express
Stock up 5500% in 5 years – Smallcap company secures LOA from Indian Railways
Smallcap stock, Order win from Indian Railways: MIC Electronics Limited, a battery manufacturing company, has recently secured an order from Indian Railways. MIC Electronics is a smallcap company, having a market capitalisation of Rs 1,321.71 crore, as per NSE. In an exchange filing, MIC Electronics said, 'Company has received a Letter of Acceptance from the Palakkad Division S and T, Railway Divisional Office, Signal and Telecommunication Branch, Palakkad, for Supply, installation, testing and commissioning of IPIS system at Kannur station in connection with the work 'Improvements to Passenger Amenities including improvements to platform, development of Circulating area and Parking & Provision of IRS type Platform shelters of KANNUR Station under Amrit Bharath Station Scheme' with CAMC for 6 years.' The company also stated that the aggregate value of the said work order is Rs 1,28,34,157.90/- Shares of MIC Electronics closed in red on Friday (July 18). The stock settled at Rs 54.84 apiece, down 0.74 per cent. The stock registered a 52-week-high of Rs 114.79 on September 19, 2024. It recorded 52-week-low of Rs 49.50 on April 7, 2025. According to the BSE analytics (as of July 19), shares of MIC Electronics Ltd gave positive returns of 6.85 per cent and 2.15 per cent in the last 1 week and 2 weeks, respectively. Shares of the smallcap company fell 40.42 per cent in the last 1 year. However, in the past 2 years, 3 years, 5 years and 10 years, shares of the company gained 132.99 per cent, 308.74 per cent, 5542.27 per cent, and 138.47 per cent, respectively. MIC Electronics paid dividends of Re 0.40 in 2008 and 2009. In 2007, the company announced dividend of Rs 2. MIC Electronics never issued bonuses for the equity shareholders.
India.com
03-06-2025
- Business
- India.com
Stock market update: MIC Electronics shares in focus as company wins order from Indian Railway
Shares of Hyderabad-headquartered MIC Electronics Limited (MICEL) are in the news today, after the company announced winning a new order from the Indian Railways. The company has received this order from Pandit Deen Dayal Upadhyay Junction of East Central Railway zone. The order includes facilities like an electronic coach indication board (CIB) on platform number 7, fare display board for the passenger reservation centre (UTS/PRS), and video wall. The total cost of the work is Rs 1.11 crore and the deadline to complete it is 6 months. Apart from this, the company has also received another order of ₹60 lakh to supply emergency lighting units (ELU) for the railways. Following the news of the new order, MIC Electronics shares opened 2.5 per cent higher at Rs 60.47 today and touched an intraday high of Rs 60.90. However, by 12:30 pm, the stock was trading 0.80 per cent lower at Rs 59.50 due to selling pressure in the market. MIC Electronics has given tremendous returns to investors in the last few years. In the last one year, this stock has given a return of 22 per cent, while in two years it increased to 203 per cent. In three years, investors have made a profit of 246 per cent. The most impressive performance has been shown by the company in five years, where it has made an unprecedented jump of about 8400 per cent. With this strong performance, the current market capitalization of MIC Electronics has reached Rs 1,434.98 crores. Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday amid uncertainty on the geopolitical and global trade front. Foreign fund outflows also weighed on investors' sentiments. The 30-share BSE Sensex declined 194.65 points to 81,179.10 in early trade. The NSE Nifty dipped 62.35 points to 24,654.25. From the Sensex firms, Adani Ports, Larsen & Toubro, Bajaj Finance, ICICI Bank, Bharti Airtel and Hindustan Unilever were among the biggest laggards. Eternal, Tata Steel, Mahindra & Mahindra and IndusInd Bank were among the gainers.
Business Upturn
03-06-2025
- Business
- Business Upturn
MIC Electronics secures two Indian Railways orders worth Rs 1.71 crore
By Aditya Bhagchandani Published on June 3, 2025, 10:11 IST MIC Electronics Limited announced today that it has secured two significant orders from the Indian Railways, totaling approximately Rs 1.71 crore. In a filing with the stock exchanges, the company revealed it received a Letter of Acceptance (LoA) from the Pandit Deen Dayal Upadhyaya railway division of the East Central Railway zone. The scope of the work includes the provision of Electronic Coach Indication Boards (CIB) for Platform No. 7 at DDU station, fare display boards for UTS/PRS counters, and a video wall. The total value of this order stands at Rs 1,11,50,332.60. Additionally, MIC Electronics received a separate order worth Rs 60 lakh for Emergency Lighting Units (ELU) from Indian Railways. Both orders are domestic and were awarded through a tender process. According to the company, the orders are to be executed within six months from the date of the LoA. It also clarified that there is no related party interest in these transactions. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hans India
29-04-2025
- Business
- Hans India
MIC Electronics Strengthens Commitment to Sustainability and Workplace Safety with ISO 14001:2015 and ISO 45001:2018 Certifications
MIC Electronics Limited, a leading innovator in LED display and lighting solutions, proudly announced today that it has earned the prestigious ISO 14001:2015 Environmental Management System certification and ISO 45001:2018 Occupational Health and Safety Management System certification. These global recognitions mark a significant milestone in MIC's unwavering commitment to sustainable operations and the well-being of its employees. This dual recognition reflects the company's robust environmental stewardship and unwavering focus on the well-being of its employees. The ISO 14001:2015 certification confirms MIC's dedication to sustainable operations by integrating eco-friendly practices and resource efficiency into its daily activities. Meanwhile, the ISO 45001:2018 certification highlights MIC's proactive approach to ensuring safe and healthy working environments across its facilities. Speaking on the achievement, Rakshit Mathur, CEO, MIC Electronics, said, "Sustainability and the safety of our employees have always been at the heart of MIC Electronics. These certifications are a testament to the hard work and commitment of our team as we strive to create a positive impact on the environment, our workforce, and the communities we serve. This milestone motivates us to continue setting industry benchmarks for responsible innovation." The certifications follow an exhaustive auditing process that evaluates MIC's integrated management practices. They solidify the company's vision of building a future-ready organisation rooted in accountability, sustainability, and care for its people. As the company continues to expand its footprint in cutting-edge LED display solutions, smart lighting, and railway electronics, these certifications serve as a pledge that its growth will remain socially responsible and environmentally sustainable.
