Shares of Railtel Corporation skyrocketed 8% on 15 March after the company announced winning a Rs 113.46 crore contract from Odisha Computer Application Centre.

In its regulatory filing, the Mini Ratna (Category-I) PSU announced that they received an order from the Odisha Computer Application Centre for establishing an IP-MPLS Network Connectivity in Odisha under OdishaNet Phase 1.0 for a total consideration of Rs 113.46 crore and has to be executed by 13 September 2025.

Earlier this month, the company received a work order from the State Transport Authority of Odisha to upgrade the existing Command Control Centre to a Unified Command Control Centre and implement an Intelligent Enforcement Management System (IEMS). The work order has to be executed within 365 days from the date of the Letter of Award.

Furthermore, in February 2024, the state-run firm received a work order for the selection of a Master System Integrator for the design, development, implementation, operation, and Maintenance of the OTT platform from Prasar Bharati Broadcasting Corporation Of India, amounting to Rs 139.73 crore.

Railtel is one of India’s largest neutral telecom infrastructure providers. It owns a pan-India optic fibre network on exclusive right-of-way along the railway tracks, providing broadband telecom and multimedia networks across India.

At 12:35 pm, the shares of Railtel Corporation were trading 1.75% higher at Rs 345 on NSE.