Shares of RailTel Company of India Ltd had been buying and selling virtually 2% on Tuesday, 1 April, after the corporate introduced securing an order price Rs 163 crore from Ircon Worldwide.
In its regulatory submitting, the corporate stated, “That is to tell you that RailTel Company of India Ltd has obtained the work order from Ircon Worldwide Restricted for works amounting to Rs 1,62,58,96,785 (together with tax).”
RailTel has been awarded a contract to implement built-in tunnel communication, together with Railway Normal Telecommunication techniques, for the Sivok-Rangpo New Broad Gauge Rail Line mission below the Northeast Frontier (NF) Railway.
The mission is ready for completion by 28 March 2026, RailTel confirmed in an announcement.
Established in 2000 as a public sector endeavor below the Ministry of Railways, RailTel performs a key position in modernizing railway communication and increasing broadband connectivity throughout India.
The corporate’s core providers embrace offering broadband entry in city and rural areas, delivering important communication options reminiscent of video surveillance and e-office providers, and providing Wi-Fi and on-demand content material at main railway stations. Moreover, it focuses on community upgrades to boost practice operations and general railway administration.
Nevertheless, at 3:30 pm, the shares of RailTel shed all their good points and closed 0.18% decrease at Rs 302 on NSE.
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