Shares of Steelman Telecom Ltd hit 20% upper circuit on 4 December after the company announced securing a major work order worth Rs 147 crore from Reliance Projects & Property Management Services Ltd (Jio).

The agreement entails deploying a team of frontend and backend personnel, along with supervisors, to manage indoor small-cell systems, indoor and outdoor Wi-Fi networks, and Enterprise Universal Broadband Radio (UBR) sites.

Spanning three years, the contract mandates the engagement of diploma engineers equipped with necessary tools, equipment, and personal protective gear, as outlined by the project’s Engineer-in-Charge team.

Established in 2003, Steelman focuses on providing a range of services to telecom operators and OEMs. Its offerings include network surveying and planning, installation and commissioning, network testing and optimization, and managed services for network maintenance.

The company has a clientele that includes Indus Tower, BSNL, Power Grid TCS, Reliance Digital, Airtel, Samsung, and Paytm. 

At 3:02 pm, the shares of Steelman Telecom were locked 20% higher at Rs 154.80 on BSE.

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