RailTel Corporation bags new work order for Rs220.55 crore; Stock surges over 2%

16 May 2022 , 10:21 AM

Railtel Corporation of India stocks rally during Monday’s trading session after the intimation regarding major order secured by the company.

As per the filing, the Company has received work order from Centre for Development of Advanced Computing for providing MPLS and Internet bandwidth for Implementation of CCTV Surveillance System at a total cost of Rs220.55 crore (Including GST).

At around 10:23 AM, Railtel Corporation of India was trading at Rs98 apiece up by Rs2.3 or 2.4% from its previous closing of Rs95.70 apiece on the BSE. The current market cap of the company is Rs3,071.38cr.