RailTel secures two significant orders worth around Rs 103.4 crore
Shares of RailTel Corporation of India Ltd are trading higher in the current session of Friday, up by 7.35 basis points, as the company has bagged total orders worth around Rs 103.4 crores.
New Delhi: Shares of RailTel Corporation of India Ltd are trading higher in the current session of Friday, up by 7.35 basis points, as the company has bagged total orders worth around Rs 103.4 crores.
State-owned RailTel Corporation of India Ltd. has received the work order from Panvel Municipal Corporation for a project costing around Rs 32.51 crore.
The nature of the order is for supplying, installing, and providing service for the provision of connectivity (SDWAN-based Internet lease line/MPLS line) at locations for the Panvel Safe City Project. The time period by which the order will be executed is 19-MAR-31.
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Further, the company has received the work order from Nashik Municipal Smart City Development Corporation Ltd. for a project amounting to Rs. 70.94 crore. The time needed to execute the order is 31 December 2026.
The nature of the order is for the selection of an implementation agency for the supply, laying, installation, testing, and commissioning of the Nashik & Trimbakeshwar City Network Backbone along with providing operations and maintenance services. Currently, the shares of Railway PSU are trading higher by 2.01% at Rs 370.50 at BSE. The stock opened today at Rs 368.00 and reached an intraday high of Rs 379.15.
Read Also : RailTel secures two significant orders worth around Rs 103.4 crore