Railtel Shares Dip as Company Secures Rs 82.4 Cr Order from South Central Railway

18 Jan 2024 , 02:46 PM

Railtel Corporation of India shares opened lower on January 18 after securing a work order worth Rs 82,41,95,412 from South Central Railway.

The order involves ground infrastructure for 4G LTE-R in 523 RKM of Secunderabad division, to be completed by September 8, 2025. A board meeting on January 24, 2024, is scheduled to approve unaudited financial results for the quarter.

Earlier this month, Railtel received a work order from C-DoT for MPLS VPN connectivity at 26 sites across India, amounting to Rs 29.54 crore.

In December 2023, a significant order of Rs 120.45 crore was secured from South Central Railway for signalling and telecommunication works.

The stock reached a 52-week high of Rs 374.20 and a low of Rs 96.20 on January 15, 2024, and March 28, 2023, respectively.

At the time of writing, the stock traded at Rs 369.80, reflecting a 0.80% decrease from the previous close.

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