Exicom Tele-Systems shares rally 5% after company bags order worth Rs 1,412 crore

Exicom Tele-Systems Ltd. saw a 5% increase in its share price following the announcement of a significant advance purchase order (APO). As of 11:46 AM, the shares were trading 5.00% higher at Rs 243.99.

The company has secured an order worth approximately INR 1412.48 crores (excluding taxes) from Rail Vikas Nigam Limited (RVNL). This order is part of the BharatNet Phase III project in Uttar Pradesh’s East and West Telecom Circles.

Advertisement

The contract involves the supply of telecom equipment, including power systems and racks, along with maintenance services for a period of 10 years. The total consideration for the contract is divided into capital expenditure (Capex) of INR 1004.97 crores and operational expenditure (Opex) of INR 407.51 crores.

The supply of materials is scheduled to be completed within three years, while the maintenance services will span a decade.

Exicom Tele-Systems’ shares opened today at ₹233.97 reaching a high of ₹243.99 and a low of ₹226.63. The stock’s 52-week high stands at ₹530.00, while the 52-week low is ₹169.40.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.