RailTel Corporation of India received a work order worth Rs 52.66 crore

RailTel Corporation of India Ltd. is an Indian public-sector company that provides broadband and VPN services. RailTel was established in September 2000 with the goal of modernizing Indian Railways’ train control, operation, and safety systems as well as building a national broadband, telecom, and multimedia network. RailTel Corporation’s telecom services segment includes providing broadband and VPN services, data center services, and managed network services to various government and enterprise customers. The company’s project work services segment involves the execution of telecom infrastructure projects such as laying optic fiber cables, setting up network equipment, and providing maintenance and support services. With its extensive optic fiber network spanning over 55,000 kilometers across the country, RailTel Corporation plays a crucial role in enabling high-speed connectivity and digital transformation in India. The infrastructure of the company also facilitates a number of government programs, including BharatNet, an initiative to bring broadband connectivity to rural areas. As a major player in the telecommunications sector, RailTel Corporation has contributed significantly to the expansion of digital infrastructure in India thanks to its broad portfolio of telecom and project work services.

RailTel Corporation’s fresh deal and performance:

The Uttar Pradesh Police Recruitment and Promotion Board has issued a work order to RailTel Corporation of India for services worth Rs. 52.66 crore. The work consists of live CCTV surveillance, digital fingerprint and facial recognition during written exams, DV&PST, and impersonation control via an Aadhaar-based biometric service. The stock of RailTel has surged 170% in a year and 393% in the last two years.

Railtel Corporation stock jumps 6% intraday:

Railtel Corporation of India stock is more than 6% up today after a work order of Rs. 52.66 crore. Currently, stock is running at Rs. 502.55 per share. On August 25, 2023, the stock fell to a 52-week low of Rs 165.45, where the 52-week high is Rs. 617.80.

Conclusion: Railtel stock is showing significant growth after last year’s fall in the same August month for Rs. 165.45 due to strong domestic work orders.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.