MIC Electronics bags new order.

MIC Electronics Ltd. has informed the BSE that the company has received Letter of Award for supply 20,000 standalone offgrid solar LED street lights at a contract price of ₹32.85 crore.

This is an initial release against the total quantity of 80,000 expected from EESL in due course. The balance contract value expected is to the tune of ₹98.56 crore.

The company had on October 27, 2016, informed that it had received Letter of Intent from EESL for design, manufacture, supply, erection, testing and commissioning of standalone offgrid solar LED street lights.

HBL