India, July 15 -- MIC Electronics Ltd has announced the receipt of a Letter of Acceptance from the Signal and Telecommunication Branch of the Palakkad Division, Southern Railway. The contract involves the supply, installation, testing, and commissioning of an Integrated Passenger Information System (IPIS) at Kannur railway station under the Amrit Bharat Station Scheme.
The project, valued at Rs 1,28,34,157.90, also includes comprehensive annual maintenance (CAMC) for a period of six years. The work must be completed within six months from the issuance of the Letter of Acceptance.
This is a direct domestic order obtained through the tendering process. MIC Electronics confirmed that the order does not constitute a related party transaction ...