RailTel Secures Rs 68 Crore Order, Shares Surge 3%

6 Oct 2023 , 03:17 PM

RailTel shares surge by 3% on October 6 following a major Rs 68 crore order win for data and disaster recovery centers. The order pertains to the Integrated Command and Control Centre (ICCC) for Jammu Smart City Limited.

Earlier in August, RailTel secured a Rs 700 crore work order from Pimpri Chinchwad Smart City Limited (PCSCL). In the same month, the company received a Rs 78.58 crore order from the Centre for Railway Information Systems (CRIS) for cloud infrastructure procurement.

RailTel shares have demonstrated strong performance, outpacing Nifty 50 by a significant margin over the last year, with a surge of 94% compared to Nifty’s 13% rise during the same period. Year-to-date, RailTel share price has rallied approximately 70%, as per data.

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