RailTel Share Price Gains Momentum: Secures Rs 15.21 Crore Order from Kakinada Smart City Corporation

RailTel Corporation of India Limited’s share price gained nearly 4% intraday, touching a high of Rs 412, supported by robust technical indicators. The stock has reclaimed its 20-day moving average (20-DMA) and witnessed a positive MACD crossover, signaling potential upward momentum.

Adding to the bullish sentiment, RailTel announced a significant win: a Rs 15.21 crore work order from Kakinada Smart City Corporation Limited (KSCCL).

Details of the Work Order

RailTel has been tasked with the Supply, Installation, Testing, Commissioning (SITC), and Operations & Maintenance of the Existing Integrated Command Communication Center for KSCCL. This project is a testament to RailTel’s expertise in offering integrated communication solutions and reflects its expanding role in India’s digital infrastructure.

Key project details:

• Awarding Entity: Kakinada Smart City Corporation Limited.
• Contract Size: Rs 15.21 crore (excluding taxes).
• Nature of Work: SITC and operations maintenance.
• Timeline: To be executed by May 25, 2028.

Technical Analysis: Share Price of RailTel Corporation

RailTel’s stock has shown resilience, reclaiming its 20-DMA. The MACD’s positive crossover is a key technical indicator suggesting a bullish trend. Trading activity has increased on the back of this order announcement.

Strategic Implications

Securing such a significant contract underlines RailTel’s capabilities and strengthens its position in the domestic digital infrastructure market. With a focus on leveraging smart city projects, RailTel continues to expand its revenue streams and enhance shareholder value.

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