Railtel Corporation of India Ltd (NSE: RAILTEL) is seeing its share price zoom Wednesday late session amid a string of major orders.
RAILTEL shares surged nearly 3% around 3 p.m. IST all of a sudden to trade at ₹297.05. The stock is still trading near 52-week low of ₹265.50. It has a 52-week high of ₹617.80.
BSF Contract
Railtel said it received a work order from the Border Security Force valued at Rs. 19.09 Crores.
The order involves the supply, installation, and commissioning of hardware and software for setting up a private cloud infrastructure for the BSF.
This contract is entirely domestic and is expected to be executed by 3rd June 2025.
Odisha Contracts
Railtel said it received two governments from the Odisha state government, including one valued at ₹262.34 Crore for upgrading the existing Command Control Centre to a Unified Command Control Centre and implementing an Intelligent from the State Transport Authority of Odisha Enforcement Management System (IEMS).
The other order of ₹30.26 Crore is also from the State Transport Authority of Odisha. Both Odisha orders are expected to be executed by August 1, this year.
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