New Delhi, April 16 -- Shares of MIC Electronics Ltd rose 4.5% on Thursday, April 16, marking gains for the second consecutive session after the company secured fresh orders from Indian Railways.

The company has received a Letter of Acceptance from the Signal and Telecommunication department of the Nagpur Division within the Central Railway zone for the provision, installation, testing, and commissioning of telecom assets and passenger facilities, including IPIS, at Wardha station. The contract is estimated at around Rs.1.12 crore and is scheduled for completion within six months.

In addition, MIC Electronics has obtained a variation order from the Salem Division in the Southern Railway zone to implement Passenger Information Systems un...