181% Surge In 6-Months: Miniratna PSU Telecom Stock Bags Order From RVNL

Miniratna public sector undertaking RailTel Corporation operating in telecommunications sector today obtained new order from Rail Vikas Nigam Limited for Data Centre Hosting & Application Support services amounting to Rs. 35,08,09,200 (Excluding Tax) for service period of 3 Years. RailTel Corporation shares offered shareholders attractive return of 181% in last 6-months only. RailTel Corporation share hits its new 52-week high as well soon after bagging the fresh order. Check details below:

Earlier, RailTel Corporation bagged 3 orders in the month of December, 2023. Last trading price of RailTel Corporation share on BSE is Rs 365.80 apiece with intraday gain of 3.38% at 12:47 pm on Wednesday. Earlier in December, RailTel Corporation informed via its exchange filing about bagging work order from Bihar Education Project Council for Supply of Teaching Learning Material for Class I to III Under Rate Contract amounting to Rs. 76.19 Crore (Including GST), as per the BSE filing of the company.

RailTel Corporation Bags Order From NF Railway Construction: According to the regulatory filing of the company dated December 21, "RailTel Corporation of India Ltd ("the Company") has received the work order from N F Railway Construction for Supply, Installation, Testing & Commissioning of Integrated Tunnel Communication system, Emergency Call Arrangements in Tunnels & IPIS at Stations in Bhairabi- Sairang New Single line Section of Lumding Division amounting to Rs. 66.83 Crore (Including GST).

The company on December 15 also received the work order from Directorate of Geology and Mining, Government of Madhya Pradesh for Implementation of AI-based Smart Enforcement System to curb illegal transportation of minerals with 3 years of operation and maintenance. The total Contract value for 3 years is Rs. 25.30 Crore (excluding GST).

RailTel Corporation Stock Performance & Return: The stock's 52-week high price is Rs 374.00 per share and 52-week low price is Rs 96.20 per share, respectively. It has a market capitalisation is Rs 11,727.09 crore. RailTel Corporation shares rose 185% in last 1-year and gained 212% in last 2-years.

RailTel Corporation of India About: RailTel Corporation a "Mini Ratna (Category-I)" PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optical fiber network. RailTel is committed to bring cutting edge technology and offer innovative services to the Indian Telecom market. RailTel is in the forefront in providing nationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration network systems, according to its official website.

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