RailTel Corporation's share price experienced an upward movement during early trade on July 10, following the announcement of a significant project from the Chhattisgarh Government.
Market Performance
- Opening Price (July 10, 09:21 AM): ₹415.65
- Price Change: Up by ₹5.40
- Percentage Gain: +1.32% on BSE
The positive momentum in the RailTel Corporation share price followed news of a fresh order win, signaling investor optimism.
Main News: New ₹17.47 Crore Order from Chhattisgarh Government
RailTel Corporation announced receiving a work order worth ₹17,47,74,625 from the General Administration Department (GAD), Chhattisgarh.
Project Details:
- Scope:
- Network connectivity
- Operation & Maintenance (O&M)
- Hardware procurement
- Commissioning and implementation
- Revamped integrated communication systems: WLAN, LAN, EPBAX infrastructure
- Completion Deadline: January 14, 2031
This multi-year infrastructure project is a significant addition to RailTel's growing portfolio in the public sector domain.
Company Details & Recent Orders
The company has been actively securing large-scale government contracts recently.
Recent Order Highlights:
- Central Warehousing Corporation
- Order Value: ₹96.99 Crore
- Type: LOI (Letter of Intent)
- Cuttack Development Authority
- Order Value: ₹15.84 Crore (Inclusive of Tax)
- Type: Letter of Acceptance
These contracts highlight RailTel's expanding footprint in providing integrated communication solutions across multiple states.
Stock Performance Snapshot
Parameter | Value |
52-Week High | ₹618.00 |
Date of 52-Week High | July 12, 2024 |
52-Week Low | ₹265.30 |
Date of 52-Week Low | March 3, 2025 |
Current Price Movement | -32.74% from 52-week high |
Gain from 52-week low | +56.67% |
Market Capitalisation | ₹13,339.80 crore |
Despite trading below its yearly peak, the RailTel Corporation share price has shown a strong recovery, staying significantly above its annual low.
Summary
- RailTel Corporation's share price climbed by 1.32% in early trade on July 10.
- The company received a ₹17.47 Crore work order from the Chhattisgarh Government, strengthening its public sector project base.
- Additional contracts from Central Warehousing Corporation and Cuttack Development Authority further reinforce RailTel's expanding order book.
- With a market cap of over ₹13,339 Crore, RailTel continues to demonstrate growth in government-led digital infrastructure initiatives.
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