Shares of RailTel Company of India Ltd rose 2% to the touch a day’s excessive of Rs 426 on fifteenth July, after the corporate introduced yesterday that it had acquired a piece order value Rs 264 crore (together with tax) from East Central Railway for the implementation of the Kavach system, the indigenous Practice Collision Avoidance System (TCAS).
The contract covers the set up of the Kavach system on 607 km of low-density railway tracks beneath the East Central Railway. The challenge is anticipated to be accomplished by 14th July, 2027.
Simply final week, RailTel acquired one other authorities order value Rs 17.47 crore from the Common Administration Division (GAD) of Chhattisgarh.
This order consists of organising a contemporary communication system with WLAN, LAN, EPBAX, community connectivity, {hardware}, and long-term upkeep. The challenge deadline is 14th January, 2031.
With these new orders, RailTel’s complete order worth for July has crossed Rs 130 crore.
At 11:59 AM, the shares of RailTel have been buying and selling 2.05% greater at Rs 418.30 on NSE.
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