RailTel Corporation Share: Stock jumped 190% in 3 years, government railway company got a project worth Rs 145 crore.

Business Desk – RailTel Corporation Share: Public sector railway company RailTel Corporation of India Ltd. It is expected to see a lot of movement in the shares on Tuesday, April 28. The main reason for this hope is that RailTel Corporation of India told that it has got a loan from Coal India Ltd. A contract worth about Rs 145 crore has been received from a subsidiary of .

On Monday, the company’s stock closed at the level of 323.80, registering a gain of about 2.50%. The current market capitalization of the company is Rs 10,140 crore. Let’s take a closer look at the details of this order.

Order received from a subsidiary of Coal India

RailTel Corporation of India announced that it has been awarded a project worth approximately Rs 145 crore by Eastern Coalfields Limited, a subsidiary of Coal India. This is a technology-based project, designed to improve digital connectivity within the coal sector. This contract is completely domestic in nature.

This means that the company will have to provide a comprehensive package of digital and connectivity services together. The scope of this project includes setting up MPLS-VPN network, providing high-speed internet through leased lines, implementing video conferencing system and ensuring continuous monitoring and management of the network through managed bandwidth services.

Order value and term

According to RailTel Corporation, the total estimated value of this order is approximately Rs 1,45,47,09,192 including taxes. This is a big and important contract for the company, which is targeted to be completed by May 2031.

what does the company do

RailTel Corporation of India Ltd. Is a public sector enterprise that provides telecom and IT services. It provides internet and broadband services across the country by leveraging the railway network infrastructure. Apart from this, the company also works in the areas of data center, networking and cloud services. Its main objective is to improve digital connectivity across India.

RailTel Corporation’s Stock Performance

The company’s stock closed at Rs 323.80 on Monday, April 27, registering a gain of 2.5%. Earlier, in the last five trading sessions, the stock had fallen by more than 3%. However, the long-term performance of the stock remains quite strong. Over a period of three years, the company’s shares have given investors a whopping multi-bagger return of nearly 190%.