Shares of RailTel Corporation of India Ltd were trading almost 2% on Tuesday, 1 April, after the company announced securing an order worth Rs 163 crore from Ircon International.
In its regulatory filing, the company said, “This is to inform you that RailTel Corporation of India Ltd has received the work order from Ircon International Limited for works amounting to Rs 1,62,58,96,785 (including tax).”
RailTel has been awarded a contract to implement integrated tunnel communication, including Railway General Telecommunication systems, for the Sivok-Rangpo New Broad Gauge Rail Line project under the Northeast Frontier (NF) Railway.
The project is set for completion by 28 March 2026, RailTel confirmed in a statement.
Established in 2000 as a public sector undertaking under the Ministry of Railways, RailTel plays a key role in modernizing railway communication and expanding broadband connectivity across India.
The company’s core services include providing broadband access in urban and rural areas, delivering critical communication solutions such as video surveillance and e-office services, and offering Wi-Fi and on-demand content at major railway stations. Additionally, it focuses on network upgrades to enhance train operations and overall railway administration.
However, at 3:30 pm, the shares of RailTel shed all their gains and closed 0.18% lower at Rs 302 on NSE.
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