Railtel Corporation gets work order worth Rs 82.41 crore; shares trade lower

The share touched a 52-week high of Rs 374.20 and a 52-week low of Rs 96.20 on 15 January, 2024 and 28 March, 2023, respectively.

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Railtel Corporation of India shares opened lower on January 18 after the company received a work order from South Central Railway worth Rs 82,41,95,412.

At 09:40 hrs Railtel Corporation of India was quoting at Rs 357.45, down Rs 5.55, or 1.53 percent, on the BSE.

The order includes comprehensive ground infrastructure works for provisions of 4G LTE-R in 523 RKM of the Secunderabad division in South Central Railway.

The work is to be completed by September 8, 2025.

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A meeting of the board of directors of the company is scheduled to be held on January 24, 2024, to consider and approve unaudited financial results for the quarter and nine months ended on December 31, 2023.

Earlier this month, the company received the work order from the Centre for Development of Telematics (C-DoT) for the installation, testing and commissioning of MPLS VPN connectivity at 26 sites across India amounting to Rs 29.54 crore.

In December 2023, the company secured a significant work order worth Rs 120.45 crore from South Central Railway for 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.

The share touched a 52-week high of Rs 374.20 and a 52-week low of Rs 96.20 on 15 January 2024 and 28 March, 2023, respectively.

Currently, the stock is trading 4.48 percent below its 52-week high and 271.57 percent above its 52-week low.

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