Railtel Corporation of India rises 3% on winning order from South Central Railway

Shares of Railtel Corporation of India jumped 3 percent in early trade on December 29 post securing an order worth Rs 120.45 crore from South Central Railway. At 9:15 am, the Railtel Corporation stock was trading at Rs 300.55 on the NSE.

Railtel Corporation of India has secured a significant work order worth Rs 120.45 crore from South Central Railway. The order pertains to comprehensive signalling and telecommunication works for the implementation of an automatic block signalling system in the Yermaras-Nalwar section of Guntakal division in South Central Railway.

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The scope of the project involves the enhancement and modernisation of signalling and telecommunication infrastructure, specifically the implementation of an automatic block signalling system. This system plays a crucial role in ensuring the safe and efficient movement of trains in the specified railway section and will assist in better coordination within the section.

With this substantial order, Railtel Corporation reaffirms its commitment to advancing railway technology and safety. Further, the order has to be executed within 720 days from the date of receipt of the work order, which is December 28, 2023, as detailed in the BSE filing.

Railtel Corporation stock performance

The Railtel Corporation of India stock has given a return of 124.47 percent over the last six months. The benchmark Nifty50 index has given a return of 13.50 percent over the same duration.

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