RailTel Shares Rise on Rs 48.78 Crore Order from MMRDA
Mumbai, December 4 (Udaipur Kiran): Shares of RailTel Corporation of India were trading higher on the BSE on Wednesday after the company secured a work order worth Rs 48.78 crore. The stock was trading at Rs. 334.35, up by Rs. 2.85 or 0.86 per cent from its previous close of Rs. 331.50.
The scrip opened at Rs. 333.05 and touched an intra-day high of Rs. 337.85 and a low of Rs. 333.00. A total of 9,459 shares were traded on the counter during the session.
The BSE Group ‘A’ stock with a face value of Rs. 10 has touched a 52-week high of Rs. 478.80 on June 10, 2025, and a 52-week low of Rs. 265.30 on March 3, 2025. Over the past one week, the stock has moved between a high of Rs. 346.00 and a low of Rs. 331.00. The company’s current market capitalisation stands at Rs. 10,716.13 crore.
Promoter holding in the company stands at 72.84 per cent, while institutions and non-institutions hold 4.33 per cent and 22.83 per cent respectively.
RailTel Corporation of India has received a work order worth around Rs 48.78 crore (excluding tax) from the Mumbai Metropolitan Region Development Authority (MMRDA). The order relates to the selection of a system integrator for the design, development and implementation of a Regional Information System for the Mumbai Metropolitan Region and Urban Observatory at MMRDA, Mumbai. The project is scheduled to be completed by December 28, 2027.
RailTel Corporation of India is an information and communications technology infrastructure provider and is among the largest neutral telecom infrastructure firms in the country.
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.
