Railtel shares rises after bagging order from Maharashtra government
According to the exchange filing made, RailTel Corporation of India Ltd has received a Letter of Intent (LOI) from Motor Vehicles Department, Maharashtra.
Shares of Railtel Corporation of India are surged by 3.57% at Rs 457.85 as the company has received an order from Motor Vehicles Department, Maharashtra.
According to the exchange filing made, RailTel Corporation of India Ltd has received a Letter of Intent (LOI) from Motor Vehicles Department, Maharashtra.
The order includes Design, Implement, Operate and Maintain Intelligent Traffic Management System (ITMS) on various blackspots/ vulnerable spots in the Vidarbha Circle for a period of 10 years.
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The estimated size of order as per RFP is Rs. 274.40 crore. The exact value will be known once PO is issued. The Time period by which order is to be executed is 04-SEP-36.
The stock has been surged over by 42.12% in the last one month and 13.28% in year-to-date. The 52-week high is at Rs 617.80. The dividend yield is at 0.44% and the market capitalization is at Rs 14.70K crore.
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