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RailTel Share Price Rises 5.80%; Secures ₹78.43 Crore Order from Bharat Coking Coal Limited

Updated on: Jan 2, 2025, 12:46 PM IST
RailTel receives ₹78.43 crore order from BCCL for an integrated IT-based security infrastructure project, to be completed by August 2025.
RailTel Share Price Rises 5.80%; Secures ₹78.43 Crore Order from Bharat Coking Coal Limited
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RailTel Corporation of India Ltd has received a work order from Bharat Coking Coal Limited (BCCL) for an integrated IT-based security infrastructure project. The order is valued at ₹78,43,30,164, including tax. This significant development highlights RailTel’s continued involvement in the IT and security infrastructure sector.

Details of the Order

The nature of the order is for the provision of various types of services related to integrated IT-based security, demonstrating RailTel’s capability in delivering large-scale, technology-driven projects. This order will contribute to enhancing the security infrastructure of BCCL’s operations, a key player in the Indian coal mining industry.

This contract is a domestic one, as confirmed by RailTel, with the execution deadline set for August 28, 2025. The work will involve the installation of sophisticated security systems, including surveillance and monitoring tools, to bolster operational safety and security.

With a value of over ₹78 crore, the order adds to RailTel’s growing portfolio in the IT infrastructure sector, underscoring its strength in executing projects with significant technical demands. The successful completion of this project will further reinforce RailTel’s position as a leading player in the Indian telecom and IT services industry.

About RailTel Corporation of India Ltd

Incorporated in 2000, RailTel was established with the goal of developing nationwide broadband, VPN services, telecom, and multimedia networks to enhance the train control operations and safety systems of Indian Railways. It is a “Navratna” Public Sector Undertaking (PSU) of the Government of India. Currently, RailTel’s network spans approximately 6,000 stations nationwide, connecting all major commercial hubs.

On January 2, 2025, RailTel share price (NSE: RAILTEL) opened at ₹419.90, up from its previous close of ₹405.05. At 9:38 AM, the share price of RailTel was trading at ₹428.55, up by 5.80% on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 2, 2025, 10:00 AM IST

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