RailTel Corporation of India saw its shares jump nearly 3% after securing a significant work order worth ₹288.14 crore from East Central Railway. As of 9:33 AM, the shares were trading 2.49% higher at Rs 313.10.
The order, announced on February 21, 2025, after market hours, involves the implementation of Kavach, an indigenous Train Collision Avoidance System (TCAS).
The project covers 502.2 Route Kilometers (RKm) of low-density railway tracks in the East Central Railway zone. The scheduled completion date is February 20, 2027. This initiative is expected to enhance railway safety and efficiency, reinforcing India’s commitment to modernizing its railway infrastructure.
RailTel, a Mini Ratna (Category-I) PSU, is a leading neutral telecom infrastructure provider with a vast Pan-India optic fiber network spanning urban and rural areas. The company plays a pivotal role in railway digitization and communication solutions.
RailTel shares opened at ₹308.00, reaching a high of ₹315.50 and a low of ₹306.30. The stock remains far from its 52-week high of ₹617.80 but stays above the 52-week low of ₹285.00.
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