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RailTel Secures ₹38 Crore Work Order from Central Warehousing Corporation

Updated on: Dec 17, 2024, 1:25 PM IST
RailTel Corporation secures a ₹37.99 crore order for SITC of CCTV from Central Warehousing Corporation. The stock has gained 31.73% YTD.
RailTel Secures ₹38 Crore Work Order from Central Warehousing Corporation
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RailTel Corporation of India Limited announced that it has received a significant work order from Central Warehousing Corporation. The order, valued at ₹37.99 crore (inclusive of taxes), pertains to the Supply, Installation, Testing, and Commissioning (SITC) of CCTV systems.

Order Details and Execution Timeline

The order, which falls under the ‘works contract’ category, has a stipulated completion date of May 16, 2025. RailTel has been entrusted with this project to enhance monitoring and security capabilities for Central Warehousing Corporation.

This marks another milestone for RailTel, showcasing its role in advancing digital infrastructure projects across India.

Stock Performance: RailTel’s Strong Momentum

RailTel’s share price hit an intraday high of ₹452.85 on NSE. The stock has witnessed:

  • 31.73% growth on a Year-To-Date (YTD) basis.
  • 19.59% rally in the last month alone.

This uptrend underscores RailTel’s robust performance and increased market interest following its participation in large-scale government contracts.

About RailTel Corporation

RailTel Corporation of India is a key player in digital and broadband infrastructure, catering to public and private entities. Projects like this highlight its growing presence in security solutions and IT-enabled services.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 17, 2024, 1:25 PM IST

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