MIC Electronics Secures ₹3.78 Crore Lab Furniture Order from Chhattisgarh Govt.
MIC Electronics Limited received a ₹3.78 crore order from Chhattisgarh Environment Conservation Board for lab furniture. The order is for design, supply, installation, and maintenance, to be executed within 12 months. The company confirmed no promoter interest and it's not a related party transaction.
The order value of ₹3.78 crore is a significant amount for the company, indicating potential for revenue growth and business expansion, but it is not a transformative deal.
The company has secured a new order, which is generally positive for business growth and revenue.
MIC Electronics Limited has announced the receipt of a Letter of Acceptance from the Chhattisgarh Environment Conservation Board for the Design, Supply, Installation & Maintenance of Lab Furniture for a central environmental laboratory in Nava Raipur, Atal Nagar, Raipur. The order is valued at ₹3.78 crore (Rupees Three Crore Seventy-Eight Lakh Only).
The order was awarded through a domestic tender process. The execution of the order is expected to be completed within 12 months from the date of acceptance. The company has confirmed that neither the promoters nor any promoter group or group companies have any interest in the Chhattisgarh Environment Conservation Board, and the order does not fall under related party transactions.
The order occurrence date was May 04, 2026, at 03:30 PM. The terms and conditions will be finalized at the time of agreement execution.
What to do with a filing like this
MIC Electronics Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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