Shares of RailTel Company of India Ltd have been buying and selling 2% greater on 10 October after the corporate introduced receiving a Letter of Intent (LoI) from the Centre for E-Governance (CEG), Karnataka, to purchase back-to-back OEM assist for present KSWAN 2.0 routers and switches.
The order, value roughly Rs 18.22 crore, might be executed by 8 November 2025. The order was awarded by a home organisation, and RailTel’s promoters or promoter group don’t have any involvement with CEG. The deal shouldn’t be a associated occasion transaction and is carried out at arm’s size.
RailTel was awarded a Rs 70.94 crore contract by Nashik Municipal Sensible Metropolis Growth Company Ltd in September. The undertaking, which is because of be completed by 31 December 2026, entails choosing an Implementation Company to produce, lay, set up, check, and fee the Nashik and Trimbakeshwar Metropolis Community Backbones, in addition to present operations and upkeep providers.
The corporate has acquired a Rs 32.51 crore order from the Panvel Municipal Company. This contract, which is about to run out on 19 March 2031, covers the provision, set up, and providers vital to supply connection (SDWAN-based Web Lease Line/MPLS Line) to varied Panvel Protected Metropolis Venture places.
At 12:33 pm, the shares of RailTel Company of India have been buying and selling 0.90% greater at Rs 387.05 on NSE.
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