Shares of RailTel Corporation of India Ltd. rose by 2% to touch a day’s high on 27th September after the firm announced it had secured a major order worth Rs 155.72 crore (excluding taxes) from the Rural Development Department, Mantralaya, Maharashtra, on Thursday.

The company has secured a work order from the Rural Development Department, Mantralaya, Maharashtra, for the operationalisation of the Aaple Sarkar Seva Kendra (ASSK)-GP project in Konkan, Pune, and Nashik regions. The total contract value is Rs 155.72 crore (excluding taxes), according to a stock exchange filing.

This project involves setting up ASSK services in these key regions and is expected to be completed within one year, with a target date of 25th September 2025.

Last week, RailTel announced it had secured a Rs 48.7 crore order from Health Insurance TPA of India Ltd. for developing an integrated claims management portal and mobile app, expected to be completed by 14th June, 2030.

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

The company’s Chairman and MD, Sanjai Kumar, stated that several tenders are upcoming, but the LTE tender has been temporarily put on hold by the Ministry of Railways to prioritise KAVACH tender finalisation.

As a Navratna, RailTel was previously ineligible for certain tenders but will now focus on these opportunities moving forward.

So far in 2024, the stock has surged by almost 33%. The company’s market capitalisation rose to Rs 15,084 crore.

At 10:30 AM, the shares of RailTel were trading 1.71% higher at Rs 469.50 on NSE.

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