Mumbai, September 9 (Kiran News) — Shares of Railtel Corporation of India surged over 5 percent on Tuesday after the company announced it has received multiple Letters of Acceptance (LoAs) from the Bihar Education Project Council (BEPC).
The LoAs include:
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A contract worth around ₹89.91 crore for the supply of teaching and learning material for Classes I to V in government schools, to be completed by March 31, 2026.
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A contract worth approximately ₹257.50 crore for the procurement, supply, and installation of smart classrooms in government secondary and senior secondary schools, with the same execution timeline of March 31, 2026.
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An additional work order worth ₹59.77 crore for the supply, installation, testing, and commissioning (SITC) of ISM Labs, to be completed by December 31, 2025.
On the BSE, Railtel was trading at ₹363.90, up by ₹18.10 or 5.23 percent from its previous close of ₹345.80. The stock opened at ₹359.95 and touched an intraday high of ₹367.50 and a low of ₹355.65. A total of 5,43,415 shares changed hands during the day.
The PSU stock, part of the BSE ‘A’ group with a face value of ₹10, has a 52-week high of ₹486.55 (September 13, 2024) and a 52-week low of ₹265.30 (March 3, 2025). In the past week, it traded between ₹341.10 and ₹367.50.
Railtel’s current market capitalization stands at ₹11,746.35 crore. The Government of India holds a majority 72.84 percent stake in the company, while institutions and non-institutional investors hold 4.46 percent and 22.70 percent, respectively.
Railtel Corporation of India, a leading ICT infrastructure provider, is also one of the country’s largest neutral telecom infrastructure providers.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.