New Delhi, Jan. 28 -- MIC Electronics share price was locked-in at 10% upper circuit on Wednesday after the company announced receipt of an order. The small-cap stock surged as much as 10% to Rs.38.94 apiece on the BSE.

MIC Electronics informed that it has received a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran, Raipur, for designing, engineering, supply, construction, testing, commissioning, AMC and operation & maintenance of infrastructure works at common facility centre in sector 22 Nava Raipur Atal Nagar, Raipur.

The order is worth Rs.114.10 crore and the time period by which the order is to be executed is 10 months, MIC Electronics said in a regulatory filing on January 28.

The company added that it was a dir...