RailTel Corporation shares jump 11% on Rs 608 crore order wins
RailTel Corporation shares surged on Wednesday after the company secured multiple orders worth around Rs 608 crore, including major infrastructure contracts from RVNL and a recruitment services deal in Uttar Pradesh. Both projects are domestic in ...
By Ritesh Presswala, ETMarkets.com |
ETMarkets.com
Shares of RailTel Corporation of India rallied 11.13% to Rs 316.24 during Wednesday’s trading session after the company announced multiple order wins with a total value of about Rs 608 crore, boosting investor sentiment.
In an exchange filing, RailTel Corporation of India said it has received Letters of Acceptance (LoAs) from Rail Vikas Nigam Limited (RVNL) for two major infrastructure projects involving integrated tunnel communication systems.
The first contract, worth around Rs 309.27 crore, relates to Package 1. It involves the supply, installation, testing, and commissioning (SITC) of integrated communication systems for tunnels T-1 to T-7 and associated stations, covering a 42.7 km stretch.
The second order, valued at approximately Rs 255.27 crore, pertains to Package 2 and covers SITC work for tunnels T-8 to T-11 and four stations, spanning 36 km. The scope includes VHF simplex systems, CCTV, public address systems, and emergency call points.
Both projects are domestic in nature and are scheduled for completion by April 12, 2028.
Additionally, RailTel has secured a work order from the Uttar Pradesh Police Recruitment and Promotion Board to provide security-related ancillary services during recruitment examinations. This contract is valued at approximately Rs 43.96 crore.
The company clarified that none of these contracts falls under related-party transactions and that there is no promoter group interest in the awarding entities. All three orders were received on April 13, 2026.
The fresh inflow of orders is seen as a positive trigger for RailTel, reinforcing its position in telecom infrastructure and government project execution.
On the technical front, according to Trendlyne data, the Relative Strength Index (RSI-14) stands at 51.6. An RSI below 30 indicates oversold conditions, while a reading above 70 suggests the stock may be overbought.
Also read: Anand Rathi shares soar over 9% as Q4 net profit rockets 126%. Check details
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
In an exchange filing, RailTel Corporation of India said it has received Letters of Acceptance (LoAs) from Rail Vikas Nigam Limited (RVNL) for two major infrastructure projects involving integrated tunnel communication systems.
The first contract, worth around Rs 309.27 crore, relates to Package 1. It involves the supply, installation, testing, and commissioning (SITC) of integrated communication systems for tunnels T-1 to T-7 and associated stations, covering a 42.7 km stretch.
The second order, valued at approximately Rs 255.27 crore, pertains to Package 2 and covers SITC work for tunnels T-8 to T-11 and four stations, spanning 36 km. The scope includes VHF simplex systems, CCTV, public address systems, and emergency call points.
Both projects are domestic in nature and are scheduled for completion by April 12, 2028.
Additionally, RailTel has secured a work order from the Uttar Pradesh Police Recruitment and Promotion Board to provide security-related ancillary services during recruitment examinations. This contract is valued at approximately Rs 43.96 crore.
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The company clarified that none of these contracts falls under related-party transactions and that there is no promoter group interest in the awarding entities. All three orders were received on April 13, 2026.
The fresh inflow of orders is seen as a positive trigger for RailTel, reinforcing its position in telecom infrastructure and government project execution.
On the technical front, according to Trendlyne data, the Relative Strength Index (RSI-14) stands at 51.6. An RSI below 30 indicates oversold conditions, while a reading above 70 suggests the stock may be overbought.
Also read: Anand Rathi shares soar over 9% as Q4 net profit rockets 126%. Check details
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Shares of RailTel Corporation of India are currently trading above five out of eight simple moving averages (SMAs), but remain below the medium- to long-term 100-day, 150-day, and 200-day SMAs.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
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