RailTel Corporation of India moves up on inking pact with NMDC

Railtel Corporation of India is currently trading at Rs. 111.35, up by 0.60 points or 0.54% from its previous closing of Rs. 110.75 on the BSE.

Railtel Corporation

Railtel Corporation

The scrip opened at Rs. 111.75 and has touched a high and low of Rs. 112.80 and Rs. 110.95 respectively. So far 36462 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 141.85 on 19-Oct-2021 and a 52 week low of Rs. 84.00 on 31-Mar-2022.

Last one week high and low of the scrip stood at Rs. 117.40 and Rs. 105.55 respectively. The current market cap of the company is Rs. 3580.07 crore.

The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 4.38% and 22.78% respectively.

RailTel Corporation of India and Mining major NMDC have entered into an agreement covering ICT and Digital Transformation Services of NMDC, both at its Corporate Offices and Mining Complexes.

This partnership will focus on optimal utilization of resources and build mineral accountability, paving the way for a robust digital transformation in the mining sector. As India’s leading miner, NMDC has been an early adopter of automation and digitalization.

RailTel will provide Consultancy, Project Management and Execution services that will enhance efficiency and transparency. It is a huge step forward to keep NMDC in the top league.

RailTel Corporation a ‘Mini Ratna (Category-I)’ PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The company provides broadband telecom and multimedia network across the country.