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Hyderabad, June 6

MIC Electronics Ltd has informed the BSE that it has been allotted 50 acres of land on lease basis in the Fab City project located about 22 km from Hyderabad, near the new international airport. This land will be utilised to set up a manufacturing unit for LED true colour displays, lighting solutions and solar based LEDs (light emitting diodes). The land was allotted by the Andhra Pradesh Industrial Infrastructure Corporation on June 2 and the company expects to take up co nstruction work after necessary approvals. —

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