RailTel Corporation of India rises on receiving LOI from Zoram Electronics Development Corporation
Railtel Corporation Of India is currently trading at Rs. 432.05, up by 5.55 points or 1.30% from its previous closing of Rs. 426.50 on the BSE.
The scrip opened at Rs. 429.95 and has touched a high and low of Rs. 432.50 and Rs. 422.40 respectively. So far 54577 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 618.00 on 12-Jul-2024 and a 52 week low of Rs. 265.30 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 469.35 and Rs. 410.00 respectively. The current market cap of the company is Rs. 13578.90 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 3.79% and 23.36% respectively.
RailTel Corporation of India has received a Letter of Intent (LOI) from Zoram Electronics Development Corporation (Zenics) for implementation of Mizo Fibre Grid Network (MFGN) Project. Estimated size of order as per BID is Rs 43.99 crore. The exact value will be known once purchase order (PO) is issued. The said order is to be executed by September 05, 2026.
Railtel Corporation of India is an information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India.
