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.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.