Railtel Corporation shares gain 4% on bagging ₹274 crore order
Published on 05/06/2025 12:37 PM
Railtel Corporation shares gain 4% on bagging ₹274 crore orderThe estimated order size is ₹274.40 crore. The final contract value will be confirmed upon issuance of the Purchase Order (PO), the company said in a regulatory filing.By Meghna Sen June 5, 2025, 12:37:18 PM IST (Published)1 Min ReadShares of RailTel Corporation of India Ltd. gained over 4% on Thursday, June 5, after the company received a Letter of Intent (LOI) from the Motor Vehicles Department, Maharashtra.
The estimated order size is ₹274.40 crore. The final contract value will be confirmed upon issuance of the Purchase Order (PO), the company said in a regulatory filing.
Under the contract, RailTel will design, implement, operate, and maintain an Intelligent Traffic Management System (ITMS) at various blackspots and vulnerable locations in the Vidarbha Circle for a period of 10 years.
The project is scheduled to be completed by September 4, 2036.
Separately, RailTel has selected Techno Electric & Engineering Company as its managed service data centre partner through an open tender process. The partnership will be on a revenue-sharing basis.
Techno Electric, through its digital platform arm Techno Digital, will design, build, finance, and operate a 10MW data centre in phases on RailTel’s land in Noida. The project is subject to the fulfilment of certain conditions outlined in the LOI and the signing of a formal contract agreement, the company said in an earlier release.
Shares of RailTel Corporation of India Ltd. are trading 2.44% higher at ₹453.10. The stock has gained over 11% so far in 2025.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsRailTelRailTel CorporationRailTel Corporation of Indiashare market today