RailTel Corporation bags order worth Rs107.44 crore from South Western Railway; Stock up 1%

4 May 2022 , 11:32 AM

RailTel Corporation of India Ltd stock rally on Wednesday’s market session after it has received work order from South Western Railway.

As per the filing, the project is for Design, Planning, Supply, installation, fixing, configuration, integration and commissioning of a secure, reliable, scalable, manageable and converged communication system for 230 + stations over SWR at the total cost of Rs107.44 crore. The entire work shall be completed within a period of 12 months, said company.

On Wednesday at around 11:35 AM, Railtel Corporation of India was trading at Rs106 apiece up by Rs1.5 or 1.44% from its previous closing of Rs104.50 apiece on the BSE.