MIC Electronics Limited has announced the receipt of a Letter of Acceptance (LoA) from the Chhattisgarh Environment Conservation Board for a project valued at ₹3.78 crore, reinforcing its order book and presence in institutional infrastructure projects.
The contract entails the design, supply, installation, and maintenance of laboratory furniture for a central environmental laboratory located in Nava Raipur, Atal Nagar. The project is expected to be executed over a period of 12 months, according to the company's regulatory filing with stock exchanges.
This order has been awarded through a domestic tendering process and does not involve any related party transactions, ensuring transparency and compliance with governance norms. Additionally, the company clarified that none of its promoter or group entities have any interest in the awarding authority.
While the detailed terms and conditions of the agreement will be finalized at the execution stage, the development marks a steady inflow of business for MIC Electronics in the public sector domain. The project aligns with the growing emphasis on environmental monitoring infrastructure across states, which could open further opportunities in similar segments.
The latest contract win is likely to support the company's revenue visibility in the near to medium term. Investors may view this as a positive trigger, particularly as order inflows remain a key driver for growth in project-based businesses.
MIC Electronics continues to focus on expanding its footprint across government-led infrastructure and specialized installation projects, positioning itself to benefit from increasing public sector spending.
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