Shares of RailTel Corporation of India Ltd soared 7% on Thursday, 2 January, after the company announced securing a work order worth Rs 78.43 crore from Bharat Coking Coal.

In its regulatory filing, the company said, “This is to inform that RailTel Corporation of India Ltd. has received the work order from Bharat Coking Coal Limited for Works amounting to Rs. 78,43,30,164 (Including Tax).” 

According to the work order, RailTel must provide the client with a range of services and an information technology (IT)-based integrated security infrastructure. The completion date is 28 August 2025.

Earlier on 16 December, the Central Warehousing Corporation gave the business an order for CCTV SITC worth Rs 37.99 crore.
 
Railtel Corporation of India Ltd., a public sector company under the Ministry of Railways, was established in 2000 with the goal of modernizing and utilizing the Indian Railways’ telecommunications network. It has one of the largest optical fibre cable networks in India, spanning more than 60,000 route kilometres over railroad lines and providing broadband, telephony, and data services. 

The company offers services like high-speed internet, leased lines, MPLS VPN, and data centre hosting. Additionally, it provides Wi-Fi at train stations as part of India’s “Digital India” initiative, increasing connectivity to rural and underserved areas. As a government-owned business, Railtel contributes to several public sector projects, ensuring secure communication and promoting India’s digital transformation. The corporation was listed on the stock exchange in 2021 as part of the government’s efforts to privatize it.

Over the past year, the Sensex has risen 9.2%, while RailTel’s stock has grown 14.4%.

At 11:35 am, the shares of RailTel Corp were trading 4.42% higher at Rs 422.95 on NSE.

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