Press release
MIC Electronics Ltd bags multiple orders worth Rs.23.89 Cr
Hyderabad, November 25, 2010.MIC Electronics Limited (BSE Code: 532850; NSE Code: MIC), global leader in design, development & manufacturing of LED Lighting and True Color LED Displays systems, announced today that it has signed a definitive agreement with the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for supplying LED Solar Street Lighting Systems worth Rs.6.63 Cr.
MIC bagged orders worth Rs.5.87 Cr from Indian Railways to supply a gamut of True Color LED Display Systems and Emergency LED Lighting solutions.
MIC also bagged orders worth Rs.4.13 Cr for LED Lighting systems and Rs.7.26 Cr for True Color LED Display System from various corporate houses, these orders help MIC to gain entry into big corporate houses and cater all their LED lighting needs.
“We are pleased with the procurement of the new orders as this will help MIC to strengthen and consolidate its position in the domestic market. The demand for LED lighting and Displays is rising and we have the infrastructure and technology to deliver the best in the industry.” says Dr. M V Ramana Rao, Chairman & Managing Director of the company.
ABOUT MIC Electronics Limited:
MIC Electronics , an intrinsically R&D driven organization, commenced its operations 22 years back, with LED Displays as its flagship product. Headquartered at one of the fastest emerging IT cities, Hyderabad (India), it has nation wide presence in the form of a vast network of marketing, sales and service support centers in all metros of India. A strong Embedded Technology base was created in the Company and several embedded products were developed, produced and delivered by the company. MIC today is laying thrust on LED Lighting and LED Displays.
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