RailTel Shares Gain 2.5% on Rs 94 Crore Order Win
Shares of RailTel Corporation of India Ltd surged 2.5% to touch a day’s high of Rs 352.70 on 30th January after the firm said it has secured an order worth about Rs 94.24 crore from Modern Coach Factory, Raebareli, strengthening its presence in railway digital and safety infrastructure. In an... The post RailTel Shares Gain 2.5% on Rs 94 Crore Order Win appeared first on Equitypandit.
Shares of RailTel Corporation of India Ltd surged 2.5% to touch a day’s high of Rs 352.70 on 30th January after the firm said it has secured an order worth about Rs 94.24 crore from Modern Coach Factory, Raebareli, strengthening its presence in railway digital and safety infrastructure.
In an exchange filing, RailTel said it has received a Letter of Acceptance (LoA) to supply, install and commission an IP-based video surveillance system in LHB coaches. This work will be in line with RDSO norms. The project includes a three-year warranty. There will also be five years of comprehensive annual maintenance.
The company said the domestic order, received on 29th January, 2026, is scheduled to be executed by 28th January, 2034. RailTel also clarified that neither its promoter nor any promoter-group entities have any interest in the awarding entity. Moreover, the contract is not a related-party transaction.
Earlier this month, RailTel secured an AMC order worth Rs 140.71 crore from the Ministry of Defence. It also received another order worth Rs 101.82 crore from the Public Financial Management System (PFMS) to set up and manage critical IT infrastructure.
At 1:07 PM, shares of RailTel were trading 2% higher at Rs 349.40 on NSE.
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The post RailTel Shares Gain 2.5% on Rs 94 Crore Order Win appeared first on Equitypandit.
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