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By EquityPandit

MARKETS

RailTel Corp bags Rs 22.4 crore order from J&K, Ladakh High Court; Shares End 1% Down

As of January 2025, RailTel Corporation of India Limited had an order backlog of Rs 5,280 crore.

Shares of RailTel Corporation of India Ltd ended 1% down after hitting a day’s high of Rs 321.45 on 20th February, after the company announced securing a significant order worth Rs 22.4 crore from the High Court of Jammu & Kashmir and Ladakh for setting up and maintaining data centre infrastructure.

The contract, awarded on 19th February 2025, includes Supply, Installation, Testing, Commissioning (SITC), and Operations & Maintenance (O&M) of a data centre at the High Court premises.

The project is scheduled for completion by 19th August 2025, with RailTel overseeing the entire infrastructure. The company was categorised under the domestic service segment and confirmed no involvement of promoters or related parties in this deal.

Currently, the company’s market capitalisation stands at around Rs 10,051 crore.

At 3:30 PM, the shares of RailTel Corp closed 1.08% lower at Rs 311 on NSE.

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