RailTel in News: PSU order book rises after fresh orders from East Central Railway

State-owned RailTel Corporation of India Ltd has received the work order from East Central Railway for Works amounting to Rs. 2,64,06,97,427 (Including Tax).

The work order includes the Provision of Kavach (indigenous Train Collision Avoidance System) on Low Density Railway Track in 607 Km of East Central Railway.

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The time period by which the order is to be executed is 14 July, 2027.

The order book of the company is supposed to cross Rs 4,000 crore this fiscal year and the PSU has been getting significant work orders from couple of weeks, which will improve the financial core structure of company’s revenue growth.

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The shares of RailTel are trading higher by 1.76% at Rs 417.10 at BSE.

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