RailTel Corporation of India witnessed a notable surge in its share price on the NSE, marking a recovery from three consecutive sessions of losses. The state-run railway PSU experienced an upswing after securing a substantial order worth Rs 120.45 crore from South Central Railway.
The order pertains to comprehensive signalling and telecommunication works, specifically for the implementation of an automatic block signalling system in the Yermaras-Nalwar section of the Guntakal division of South Central Railway. This significant development was disclosed by the company in its regulatory filing dated December 28, post-market hours.
Additionally, RailTel Corporation received another work order from the Bihar Education Project Council, valued at Rs 76.19 crore (including GST). This order is for the supply of teaching and learning material designated for classes I to III, falling under a rate contract.
As of 11:15 am, RailTel shares demonstrated a robust 4.14% increase, trading at ₹305.60 on the NSE.
