Shares of RailTel Corporation of India Ltd were trading in the green and 1.5% higher on 5 September after the company announced securing a new contract worth Rs 10.92 crore from Northern Railways.

RailTel was also granted ‘Navratna’ status by the Ministry of Finance on 30 August. The  Navratna status is given to government-owned companies that have strong financial performance, which allows them greater operational autonomy. 

Navratna companies have the flexibility to invest up to Rs 1,000 crore without needing prior government approval. This allows them more autonomy in project allocation, with the ability to invest up to 15% of a specific project’s value or 30% of their annual net worth, all within the Rs 1,000 crore investment cap. This provides significant operational freedom, enabling quicker decision-making and more strategic project execution.

A sizable work order worth Rs 52.66 crore was also secured by RailTel in August from the Uttar Pradesh Police Recruitment and Promotion Board.

During written exams and other recruitment processes, this initiative uses state-of-the-art digital recognition technology, live CCTV surveillance, and biometric controls based on Aadhaar to increase security and efficiency.

At 11:32 am, the shares of RailTel Corporation were trading 0.16% higher at Rs 495.10 on NSE.

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