MIC Electronics surges 20% on Display Network order

“MIC Electronics, Leyard Optoelectronic (Beijing) and Associated Advertising, led by MIC has been selected by RailTel Corporation of India, for conducting proof of concept phase of proposed network for six months at Vadodara, Ahmedabad, Allahabad, Naini and Jasra Stations,” says the Hyderabad-based company in its filing.

MIC Electronics shares shot up 20 percent intraday Monday on railway display network order from the government company.

MIC Electronics“MIC Electronics, Leyard Optoelectronic (Beijing) and Associated Advertising, led by MIC has been selected by RailTel Corporation of India (Ministry of Railways), for conducting proof of concept phase of proposed network for six months at Vadodara, Ahmedabad, Allahabad, Naini and Jasra Stations,” says the Hyderabad-based company in its filing.

Railway display network project that envisages networking of about 90,000 digital display screens on more than 2,000 railway stations across the country, is estimated to cost around Rs 2,000 crore.

Network is primarily meant for displaying information related to passenger amenities, comfort, convenience and safety. Display infrastructure will also be utilised for commercial advertising. At 15:05 hours IST, the scrip of MIC Electronics was quoting at Rs 21.95, up Rs 3.25, or 17.38 percent amid high volumes on the BSE.

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