RailTel Corporation of India witnessed a more than 2% surge in its stock price during early trade following the announcement of a significant work order. The company has secured a contract from Uti Infrastructure Technology & Services Limited for the provisioning of managed cloud services. Valued at ₹19.84 crore (excluding taxes), the contract spans a period of three years and is slated for execution by June 11, 2025.
This domestic order marks a strong addition to RailTel’s growing portfolio in the IT and digital services segment, highlighting its capabilities beyond traditional telecom infrastructure. The project involves comprehensive managed cloud services, reaffirming RailTel’s strategic push towards high-margin digital transformation contracts.
Importantly, the company has clarified that there are no related party interests or promoter involvement in the awarding entity, ensuring transparency and compliance. The work order was officially received on April 16, 2025, at 8:57 PM.
RailTel shares opened at ₹311.50 today, reaching a high of ₹317.75 and a low of ₹310.65. The stock remains significantly below its 52-week high of ₹617.80 but is trading above its 52-week low of ₹265.50.
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