RailTel Corporation soars on securing work order from RVNL

Railtel Corporation Of India is currently trading at Rs. 91.70, up by 2.10 points or 2.34% from its previous closing of Rs. 89.60 on the BSE.

RailTel Corporation
RailTel Corporation

The scrip opened at Rs. 91.30 and has touched a high and low of Rs. 93.25 and Rs. 90.85 respectively. So far 113738 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 164.70 on 10-Jun-2021 and a 52 week low of Rs. 87.20 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 93.25 and Rs. 89.25 respectively. The current market cap of the company is Rs. 2875.61 crore.

The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 7.21% and 19.95% respectively.

RailTel Corporation has received work order from Rail Vikas Nigam (RVNL) for installation of RailTel’s MPLS-VPN services for 5 years at various locations of RVNL. The order is for an amount of Rs 11.57 crore (Induding GST).

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.

Leave a Comment