Telecom Sector Company Receives Order From BSNL, Stock Jumps Over 7% In 1 Week

NSE Listed Telecom-Infrastructure company Kore Digital Limited has received work order worth Rs 10 Cr for the erection of towers in Maharashtra for thru vendor of State-owned Bharat Sanchar Nigam Limited (BSNL). BSNL is a PSU operating in the telecom sector providing telecom services and network management in India.

The contract with BSNL will boost the order book of the company and also help in expanding its operation, the company said.

"We are pleased to announce successful negotiation of work order worth 10 crores for erection of towers in Maharashtra for thru vendor of Bharat Sanchar Nigam Limited (BSNL), A PSU providing of telecom services and network management in India. This contract will boost our order book and will help company for further expansion of operations PAN India," The Board said in a filing to NSE.

Kore Digital's shares on Wednesday closed at Rs 247.50 per share on the NSE with highs and lows of Rs 250 and Rs 245.10, respectively. The stock has gained 7.28% in the last 1 week and declined 4.17% in the last 1 month. The stock's 52-week high is Rs 262 apiece and its 52-week low is Rs 123.25 apiece on NSE.

Incorporated in 2009, Kore Digital Limited is a Small Medium Enterprise that operates as a Telecommunication Infrastructure Provider and offers high-end communication solutions to corporate and Telecom Network Operators. The company has a market cap of Rs 87.40 Crore.