Shares of RailTel Corporation of India rose 3% in morning trade on January 12 after receiving orders from the Pondicherry government and NMDC.

RailTel Corporation of India has notified that it has received a work order from the Puducherry Government Revenue and Disaster Management Department.

The order is for the five-year design, development, SITC and O&M for the Integrated Command and Control Centre and other related activities for Puducherry Smart City.

The total value of the work is Rs 170.11 crore (estimated value inclusive of GST). The order will be enforced within 10 months.

The work order for NMDC Limited was to implement the IT infrastructure for NMDC’s ERP and other future digital initiatives.

The total value of the work is Rs 122.63 crore (estimated value including GST). This work will be completed within 26 weeks.

At 9:17 am, RailTel Corporation was quoted at Rs 128.00 on the BSE, up Rs 3.80, or 3.06%. The stock hit a 52-week high of Rs 148.70 and a 52-week low of Rs 84 on November 28, 2022, and March 31, 2022.

It is trading 13.92% below its 52-week high and 52.38% above its 52-week low.