Shares of RailTel Corporation of India Ltd. surged by 4%, reaching a day’s high of Rs 420.75 on 24th October, after the company announced it had secured an order worth Rs 144.88 crore from the Gujarat government’s home department.

The contract involves supplying, installing, commissioning, and maintaining a CCTV video surveillance system at various branches of LCB, SoG, cyber police stations, LIB, and police stations in Clusters 1, 2, and 3, the company stated. The order is scheduled for completion by 21st May 2025.

Last month, the company secured an order worth Rs 48.7 crore from the Health Insurance TPA of India Ltd. for an integrated claims management solution portal and mobile application. This project is expected to be completed by 14th June 2030.

On 30th August, the government granted ‘navratna status’ to RailTel Corporation of India, making it the 22nd Navratna.

This status is awarded to top-tier public sector undertakings (PSUs) and allows organisations to make significant investments of up to Rs 1,000 crore without needing approval from the Centre.

The stock has surged almost 17% so far in 2024. The company’s market capitalisation currently stands at around Rs 13,285 crore.

At 11:25 AM, the shares of RailTel were trading 4.54% higher at Rs 414.75 on NSE.

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