RailTel Corporation of India soars on getting work order from Pimpri Chinchwad Smart City
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Railtel Corporation Of India is currently trading at Rs. 180.10, up by 7.10 points or 4.10% from its previous closing of Rs. 173.00 on the BSE.
The scrip opened at Rs. 176.25 and has touched a high and low of Rs. 182.65 and Rs. 176.25 respectively. So far 135260 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.65 on 08-Aug-2023 and a 52 week low of Rs. 93.95 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 182.65 and Rs. 165.40 respectively. The current market cap of the company is Rs. 5552.23 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 3.50% and 23.65% respectively.
RailTel Corporation of India has received the work order from Pimpri Chinchwad Smart City (PCSCL) for providing end to end services for monetisation of PCSCL City Network Infrastructure on ‘Revenue Sharing Model’. The estimated annual revenue is Rs 70 crore and total revenue for 10 years Rs 700 crore.
RailTel Corporation a ‘Mini Ratna (Category-I)’ PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The company provides broadband telecom and multimedia network across the country.
