Shares of RailTel Corporation of India were trading 2% higher on 10 January after the company announced securing an order worth Rs 29.54 crore.

In its regulatory filing, the company said that it had received an order from the Centre for Development of Telematics to install MPLC-based VPN services located across India that has to be executed in a period of 14 weeks.

Under the order, the company will install MPLS VPN connectivity of 1 GPS, 10 GPS and 40 GPS at 26 sites across India.

MPLS VPN is a group of multi-protocol label switching methods to create VPNs, which is short for virtual private networks.

Earlier this week, the company secured an order worth Rs 39.88 crore from the Bihar Education Project Council for the supply of teaching-learning material for classes 4th to 5th.

The company is a public sector enterprise that was established in 2000 with the goal of creating a comprehensive nationwide broadband, telecom, and multimedia network. The segment the company’s main focus is to modernise train control operations and improve safety systems for the Indian Railways.

At 3:30 pm, the shares of RailTel Corporation closed 0.20% higher at Rs 349.95 on NSE.