RailTel shares rose 25% in two days, got contracts worth Rs 700 crore from companies like UP Police and RVNL

RailTel Share: There is a tremendous rise in the shares of the country’s Navratna PSU company RailTel Corporation of India today. During trading on Thursday, Railtech’s stock rose by more than 5 percent to reach its high level of Rs 353.90. There are many big orders behind this rise in the company’s shares. RailTel has received orders worth more than Rs 700 crore. Due to this, its shares rose by 25 percent in the last two days.

Order received from UP Police to RVNL

Rental has received a contract worth Rs 44 crore from the Uttar Pradesh Police Recruitment and Promotion Board. Under this, RailTel will provide services related to security and digital surveillance during the recruitment examinations in this department. It has also received two orders worth about Rs 564 crore from Rail Vikas Nigam Limited (RVNL).

This project involves design, supply and installation of Integrated Tunnel Communication System in Railway Tunnel (T8 to T11). The company has also received orders from Bihar Education Project Council (BEPC) for digital education initiatives. Under this, the company has to develop digital classrooms and ICT labs. Due to these orders, there has been a stormy rise in the shares of RailTel today. With these new orders, RailTel’s order book has crossed the figure of Rs 7200 crore.

Moving forward in mining sector also

Mainly telecom provider RailTel is currently working towards transforming itself into a digital provider. The company is also trying its hand in the mining sector. It has also received an order worth Rs 1000 crore from the Divisional Commissioner of Konkan Division. Under this, its job here is to play the role of system integrator. In this 5 year long project, an integrated IT solution has to be developed to monitor ‘minor minerals’ at the company site.

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