MIC Electronics’ Board cleared capital plans of ₹250 crore via QIP and USD 15 million through FCCBs, both in tranches, and received an LoA from Vijayawada Railway Division for an IP-based Integrated Passenger Information System worth ₹1,49,88,884.77 at ANV and YLM stations, to be completed in 12 months from the agreement date. Founded in 1988, MIC is a leading manufacturer of LED displays.