RailTel Corporation of India witnessed a 7% surge in its shares after securing a significant order from Hindustan Petroleum Corporation Limited (HPCL) worth Rs 25.15 crore (excluding taxes). As of 9:26 AM, the shares were trading 7.41% higher at Rs 332.70.
The order, announced in a stock exchange filing on March 23, 2025, pertains to the renewal and provisioning of MPLS/ILL (Multi-Protocol Label Switching/Internet Leased Line) links for five years, spanning from April 1, 2025, to March 31, 2030.
The contract is a domestic rate agreement that includes renewing existing links and deploying new connections, subject to feasibility. RailTel received the work order on March 22, 2025, at 8:10 PM, further strengthening its position in the telecom and networking solutions sector.
As part of the agreement, RailTel will provide and manage MPLS and ILL services across HPCL’s operational infrastructure. This move aims to enhance HPCL’s secure and high-speed data connectivity, ensuring seamless communication across its network in India.
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