RailTel share price gains 3%, led by THIS order book update: Check Details

Stock Market Today: RailTel share price gained more than 3% in the morning trades on Tuesday, led by an order book update. The company on Monday, post-market hours, announced having received an order from East Central Railway.

RailTel Corporation of India Ltd. announced on 14 July about securing a large order. RailTel has received the work order from East Central Railway. As per the RailTel Corporation release on the National Stock Exchange of India Ltd and BSE, or the Bombay Stock Exchange, the work order from East Central Railway amounts to Rs. 26,406,974,27 (including tax).

The work order for RailTel from East Central Railway is for the provision of Kavach (indigenous Train Collision Avoidance System) on low-density railway track in 607 km of East Central Railway. The time period in which the domestic work order worth ₹264 crore is to be completed is about 2 years. As per the release by RailTel, it needs to execute this work order by 14-JUL-27.

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