MIC Electronics Secures Railway Projects and Partners with ChipEx Technologies

MIC Electronics Limited has recently secured two significant railway infrastructure projects totaling Rs 1.16 crore. These projects, awarded through direct tender participation, aim to enhance passenger amenities and improve signaling and telecommunication systems at various railway stations. Additionally, the company has entered into a partnership agreement with ChipEx Technologies for custom semiconductor development.

Railway Project Details

The company has received two Letter of Variations (LOA) for the following projects:

Awarding Entity	Project Scope	Value (in Rs)
South East Central Railway	Signalling and telecom works at four stations under Amrit Bharat Station Scheme in Nagpur Division	82,56,066
Northern Railway	Passenger amenities and telecom expansion at 16 stations in Delhi division	33,08,094
Total		1,15,64,160

Project Highlights

South East Central Railway Project

Covers four stations: Nainpur (NIR), Chhindwara (CWA), Seoni (SEY), and Mandlafort (MFR)
Part of the Amrit Bharat Station Scheme
Focuses on signalling and telecom works

Northern Railway Project

Encompasses 16 stations in the Delhi division
Aims to improve passenger amenities, especially for Divyangjan (persons with disabilities)
Includes expansion of information systems and utility shifting

Company Disclosure

MIC Electronics has confirmed that:

The orders were received on October 25 and 26, 2025
Neither the promoter groups nor any group companies have any interest in the awarding entities
The orders do not constitute related party transactions

Partnership with ChipEx Technologies

In a separate development, MIC Electronics has entered into an agreement with ChipEx Technologies to jointly develop custom semiconductor solutions. This partnership aims to enhance product uniqueness and ensure long-term supply stability for MIC Electronics.

These developments align with the government's ongoing efforts to modernize and enhance railway infrastructure across India, while also positioning MIC Electronics for potential growth in the semiconductor sector. For MIC Electronics, these projects and partnerships represent opportunities to contribute to the nation's railway development and technological advancement, potentially strengthening its position in both the infrastructure and electronics sectors.

Investors and stakeholders may view these orders and the new partnership as positive signs for the company's order book and near-term revenue prospects. However, it's important to note that the execution timeline for the railway projects has not been specified in the company's disclosure, and the outcomes of the semiconductor partnership may take time to materialize.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.69%	+3.51%	-0.09%	-2.11%	-33.98%	+283.70%

MIC Electronics Limited has announced the completion of a significant investment in Dubai, marking a strategic expansion of its international operations. The company, through its wholly-owned subsidiary SOA Electronics Trading LLC, Dubai, has acquired a 99% stake in Cellular Galaxy Electronics LLC, Dubai, for INR 53.80 crore.

Investment Details

Aspect	Details
Investment Amount	INR 53.80 crore
Stake Acquired	99%
Acquiring Entity	SOA Electronics Trading LLC, Dubai (Wholly-owned subsidiary of MIC Electronics)
Target Company	Cellular Galaxy Electronics LLC, Dubai
Nature of Transaction	Cash consideration at arm's length pricing

About Cellular Galaxy Electronics LLC

Cellular Galaxy Electronics LLC, the newly acquired step-down subsidiary, was incorporated on August 17, 2023, in Dubai. The company operates in the electrical and electronic appliances trading sector, with a diverse product portfolio including:

Antennas
Watches and clocks
Photographic equipment
Video game consoles
Computer accessories
Mobile phones and related electronic products

Financial Snapshot

Metric	Value
Share Capital	AED 22.49 million
Turnover	AED 37.34 million

Regulatory Compliance

MIC Electronics has confirmed that all necessary approvals from Dubai regulatory authorities have been obtained for this investment. The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Implications

This acquisition represents a significant move for MIC Electronics in expanding its footprint in the Dubai market. By gaining a controlling stake in Cellular Galaxy Electronics, MIC Electronics is poised to strengthen its position in the electrical and electronic appliances trading sector in the Middle East.

The investment aligns with MIC Electronics' strategy to diversify its portfolio and tap into new markets. The step-down subsidiary's established presence in Dubai and its reported turnover indicate potential for growth and synergies within the MIC Electronics group.

As the global electronics market continues to evolve, this strategic investment may provide MIC Electronics with new opportunities for expansion and revenue growth in the international arena.