Hot Pursuit     22-Dec-23
RailTel Corp rises after securing work order from N F Railway Construction
RailTel Corporation of India added 2.51% to Rs 298.65 after the company said that it has received the work order from N F Railway Construction worth Rs 66.83 crore.

The contract involves supply, installation, testing & commissioning of integrated tunnel communication system, emergency call arrangements in tunnels & IPIS at Stations in Bhairabi- Sairang new single line section of Lumding Division.

The project has to be completed within a period of 365 days from the date of receipt of LOA.

RailTel a "Mini Ratna (Category-I)" central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country.

The company reported 23% rise in net profit to Rs 68.15 crore on a 40% increase in revenue from operations to Rs 599.15 crore in Q2 FY24 as compared with Q2 FY23.

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