RailTel Corporation surges on bagging work order worth Rs 155.71 crore
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RailTel Corporation is currently trading at Rs. 470.75, up by 9.45 points or 2.05% from its previous closing of Rs. 461.30 on the BSE.
The scrip opened at Rs. 474.05 and has touched a high and low of Rs. 478.85 and Rs. 469.15 respectively. So far 104066 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. 200.30 on 09-Oct-2023.
Last one week high and low of the scrip stood at Rs. 478.85 and Rs. 447.45 respectively. The current market cap of the company is Rs. 15106.57 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 5.01% and 22.14% respectively.
RailTel Corporation of India has received the work order from Rural Development Department, Mantralaya, Maharashtra for operationalization of ASSK-GP project in Konkan, Pune, Nashik Regions amounting to Rs 155.71 crore. The order is to be executed by September 25, 2025.
Earlier, the company had received the work order from Health Insurance TPA of India for Service amounting to Rs 48.70 crore (excluding tax).
RailTel Corporation of India provides broadband telecom and multimedia network across the country.
