MIC Electronics receives contract worth Rs 32.85 crore

With reference to the earlier letter dated October 27, 2016 wherein the Company have informed that the Company have received Letter of Intent (LOI) from M/s EESL for design, manufacture, supply, erection, testing and commissioning of Standalone Off Grid Solar LED Street Lights.MIC Electronics Ltd has now informed BSE that the Company have received Letter of Award for supply 20,000 Standalone Off Grid Solar LED Street Lights with contract price of Rs. 32.85 crores. This is an initial release against the total quantity of 80,000 Nos expected from M/s EESL in due course. The balance contract value expected is to the tune of Rs.98.56 crores.