Railtel Corporation secures contract worth Rs 98.56 crore; stock slips ~4%

23 Dec 2022 , 01:24 AM

Railtel Corporation of India Limited informed that the company has bagged the work order from Webel Technology Limited for acting as system integrator for capacity enhancement of West Bengal State Data Centre (WB-SDC), Monibhandar, Kolkata.

The total cost of the project is Rs98.56 crore (including GST).

RailTel was founded on September 26, 2000, with the goal of modernising the existing telecom system for train control, operation, and safety, as well as generating additional revenue by establishing a nationwide broadband and multimedia network and laying optical fibre cable along railway tracks.

At around 1.17 PM, Railtel Corporation was trading at Rs118.90, down by 3.37% lower at Rs123.05 on NSE. The counter hit intraday high and low of Rs124.90 and Rs118.40 respectively.

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