Shares of RailTel Corporation of India Ltd. are trading flat after reaching a day’s high of Rs 471.25 on 17th September, following the announcement that the company secured an order worth Rs 48.7 crore from Health Insurance TPA of India Ltd.

The order from Health Insurance TPA of India Ltd. is for an integrated claims management solution portal and mobile application, expected to be completed by 14th June, 2030.

RailTel is preparing to bid for a major government tender for the KAVACH system in locomotives, valued at over Rs 7,000 crore, which opens on 19th September.

Sanjai Kumar, Chairman and MD of RailTel, mentioned that several tenders are upcoming. He noted that the LTE tender has been put on hold by the Ministry of Railways, possibly to prioritise KAVACH tenders first.

RailTel, which was granted ‘Navratna’ status by the Modi government on 30th August, plans to focus on such tenders in the future, despite not being eligible for them previously.

So far in 2024, the stock has surged by almost 33%. The company’s market capitalisation stands around Rs 14,976 crore.

At 1:17 PM, the shares of RailTel Corporation were trading 0.64% lower at Rs 466.70 on NSE.

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