Odisha government awards ₹88 crore rail project to RailTel

4 Mar 2024 , 12:44 PM

RailTel Corporation of India Ltd, a state-owned firm, saw a rise in morning trading on Monday, March 4. The company had previously announced that it had received a work order valued at approximately ₹88 Crore from the State Transport Authority, Odisha.

RailTel Corp disclosed in a stock exchange filing that the work order, which is valued at ₹87.85 Crore (including GST), entails implementing an Intelligent Enforcement Management System (IEMS) for the State Transport Authority, Odisha, as well as upgrading the current command control centre to a unified command centre.

The stock exchanges were notified by RailTel Corp that the project will be completed in a year.

Following the announcement, shares of RailTel Corporation increased by 2.2%, peaking at ₹469 per share on the BSE during morning trading. But by 10:02 AM, the stock gave up its early gains and was trading 2.48% lower at ₹448.15 per share.

Western Railway awarded the business a ₹125 Crore work order last month for the installation of a unified communication infrastructure.

The job scope encompassed the implementation of IPMPLS LAN Infra, VOIP exchange, IP-based control communication, and the replacement of Western Railway’s UTN communication network.

‘VOIP’ means for Voice over Internet Protocol exchange, while ‘IP MPLS’ stands for Internet Protocol Multi-Protocol Label Switching.

Navodaya Vidyalaya Samiti awarded a work order for ₹162.73 Crore to the Indian Railways PSU in January for the provision and installation of integrated infrastructure and IT solutions in JNVS schools. The PM SHRI programme was used to award the contract.

During that same month, the Bihar Education Project Council gave RailTel Corporation a ₹39.88 Crore contract to furnish instructional materials for classes 4 and 5.

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