In today’s trading session, Railtel Corporation shares experienced a lower opening after the company secured a substantial work order from South Central Railway, valued at Rs 82,41,95,412.
As of 09:40 hrs, Railtel Corporation of India was quoted at Rs 357.45, marking a decline of Rs 5.55 or 1.53 percent on the BSE.
The recently awarded work order encompasses comprehensive ground infrastructure tasks for the provision of 4G LTE-R in 523 RKM (Route Kilometers) of the Secunderabad division within South Central Railway. The stipulated deadline for completing this project is September 8, 2025.
A board of directors meeting is scheduled for January 24, 2024, to deliberate and approve the unaudited financial results for the quarter and nine months ending on December 31, 2023.
Railtel Corporation has been actively securing significant contracts, showcasing its prowess in the field. Earlier this month, the company received a work order from the Centre for Development of Telematics (C-DoT) amounting to Rs 29.54 crore. This contract involves the installation, testing, and commissioning of MPLS VPN connectivity at 26 sites across India.
In December 2023, Railtel Corporation clinched a substantial work order worth Rs 120.45 crore from South Central Railway. This particular contract is dedicated to comprehensive signaling and telecommunication works, aiming to implement an automatic block signaling system in the Yermaras-Nalwar section of Guntakal division within South Central Railway.
