RailTel Corporation shares zoom nearly 9% after company receives order worth ₹113 crore

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RailTel Corporation of India shares surged an additional 8.7% during today's intraday trade, reaching ₹368.55 apiece. This increase followed the company's reception of a work order from Odisha Computer Application Centre (“OCAC") to establish an IP-MPLS network connectivity in Odisha under OdishaNet Phase 1.0, as disclosed in the company's regulatory filing.

The value of this order amounted to ₹113.46 crore. RailTel Corporation had recently secured multiple orders; on March 04, it received a work order from the State Transport Authority, Odisha, worth ₹87.85 crore for the upgrade of the existing command control centre to a unified command control centre and the implementation of an intelligent enforcement management system (IEMS) for the State Transport Authority, Odisha.

Also Read: TRIL: Over 4500% return in less than 4 years! Nuvama sees more upside in this small-cap stock Moreover, on February 02, the company was awarded a work order from Prasar Bharati Broadcasting Corporation of India valued at ₹139 crore for design, development, implementation, operations, and maintenance. Additionally, in the same month, it secured a work order from Western Railways worth Rs.

124.90 crore for the implementation of a unified communication infrastructure comprising IPMPLS LAN Infra, VOIP exchange, IP-based control communication, and the replacement of UTN over Western Railway. RailTel, designated as a "Mini Ratna (Category-I)" Central Public Sector Enterprise, operates as an information and communication technology (ICT) provider and stands as one of the largest neutral telecom infrastructure providers within the nation, boasting a comprehensive optic fibre network spanning across India.