RailTel Corporation of India surges on bagging work order from SBI
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Railtel Corporation Of India is currently trading at Rs. 117.55, up by 2.45 points or 2.13% from its previous closing of Rs. 115.10 on the BSE.
The scrip opened at Rs. 115.40 and has touched a high and low of Rs. 119.55 and Rs. 115.40 respectively. So far 54168 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.70 on 28-Nov-2022 and a 52 week low of Rs. 84.00 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 126.45 and Rs. 113.00 respectively. The current market cap of the company is Rs. 3791.89 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 5.23% and 21.93% respectively.
RailTel Corporation of India has received the work order from State Bank of India (SBI) for provisioning of 4G LTE connectivity for offsite 15000 ATMs and maintenance for 5 years amounting to Rs 253.35 crore (excluding taxes).
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.
