News

RailTel shares in focus after bagging ₹103 crore orders from Nashik and Panvel municipal bodiesRailTel is a government owned telecom infrastructure services provider, currently trading with a market capitalisation of over ₹11,656 crore.By Meghna Sen   September 12, 2025, 6:23:44 AM IST (Published)1 Min ReadShares of RailTel Corporation of India Ltd. will be in focus on Friday, September 12, after the company secured two major orders.

RailTel has bagged a ₹70.94 crore contract from Nashik Municipal Smart City Development Corporation Ltd.

The project, to be completed by December 31, 2026, involves selecting an Implementation Agency for supply, laying, installation, testing, and commissioning of the Nashik and Trimbakeshwar City Network Backbone, along with operations and maintenance services.

In addition, the company has received a ₹32.51 crore order from Panvel Municipal Corporation.

This contract, scheduled for completion by March 19, 2031, covers supply, installation, and services for providing connectivity (SDWAN-based Internet Lease Line/MPLS Line) at various locations under the Panvel Safe City Project.

Earlier on September 9, the company announced that it had bagged multiple orders from various agencies.

RailTel is a government owned telecom infrastructure services provider, currently trading with a market capitalisation of over ₹11,656 crore.

RailTel Corporation shares ended 0.79% lower on Thursday at ₹363. The stock has climbed over 25% in the last six months.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 Corporationshare market today