Miniratna Telecom Company Secures Order Worth Rs 27.91 Cr, Stock Jumps

RailTel Corporation of India Ltd., Midcap Miniratna PSU, has secured a work order worth Rs 27.91 Crore (including GST) from Kerala State Information Technology Infrastructure Ltd. The order is for supply, installation, testing, commissioning and maintenance of ISP Hardware, Software and License for Kerala Fibre Optic Network (KFON). The project is to be to executed within a period of 90 days.

This project's implementation will help Kerala's information technology infrastructure grow, ultimately promoting increased connectivity and digital advancement in the area.

Shares of Railtel Corporation Of India last traded on the BSE at Rs. 168.55 apiece, up 0.33% The shares hit intraday highs and lows of Rs 172.15 and Rs 167.40, respectively. Shares declined 0.33% in 1 week, and gained 5.71% in1 month. Share jumped 77.23% in 1 year. The company has a market cap of Rs 5,409.42 Crore.

RailTel Corporation of IndiaLtd., "Mini Ratna (Category-I)" Central Public Sector Enterprise (CPSE) is an information and communications technology (ICT) provider. With a pan-Indian optical fibre network on a dedicated Right of Way (ROW) across railroad tracks, the company is among the largest neutral telecom infrastructure providers in the nation. As on 31 March 2023, the Government of India (GoI) holds 72.84% stake in the company.