23 Jul 2024

RailTel Corporation Sees Surge After Securing Rs 186.81 Crore Work Order

RailTel Corporation of India is currently trading at Rs. 538.25 on the BSE, marking an increase of 14.80 points or 2.83% from its previous close of Rs. 523.45.

The stock opened at Rs. 543.75, reaching a high of Rs. 549.55 and a low of Rs. 533.95 during the trading session, with a total of 260,339 shares changing hands.

As a BSE group 'A' stock with a face value of Rs. 10, RailTel has seen a 52-week high of Rs. 618.00 on July 12, 2024, and a 52-week low of Rs. 156.75 on July 24, 2023. Over the past week, the stock’s high was Rs. 561.95, and the low was Rs. 505.75. The company's current market capitalization stands at Rs. 16,799.52 crore.

The company's shareholding pattern shows promoters holding 72.84%, with institutions and non-institutions holding 5.01% and 22.14% respectively.

RailTel Corporation has recently secured a work order from the Ministry of Railways for the design, development, implementation, operations, and maintenance of the HMIS and Integrated Empanelled Hospital Referral Portal for Indian Railways, worth Rs 186.81 crore, inclusive of taxes.

Previously, RailTel received a work order from Webel Technology for the upgrade and enhancement of existing IT and non-IT infrastructure at WBSDC Monibhandar.

RailTel Corporation of India provides a comprehensive broadband telecom and multimedia network across the nation.