Shares of Railtel Corporation of India Ltd were trading in the red and 4% lower despite the company announcing receiving a work order worth Rs 88 crore from the State Transport Authority, Odisha.

In its regulatory filing, the company said that they had received a work order worth Rs 87.85 crore from the State Transport Authority, Odisha, for upgrading the existing command control centre to a unified command centre and implementing an Intelligent Enforcement Management System that has to be completed in one year.

Earlier last month, the company received a work order worth Rs 125 crore from Western Railway to deploy a unified communication infrastructure. The work order includes deploying IP MPLS LAN Infra, IP-based control communication, and VOIP exchange, along with replacing Western Railway’s UTN communication network.

The term “VOIP” stands for Voice over Internet Protocol exchange, and “IP MPLS” stands for Internet Protocol Multi-Protocol Label Switching.

In January, the company received a work order worth Rs 162.73 crore from Navodaya Vidyalaya Samiti to supply and implement integrated infrastructure and IT solutions in JNVS schools.

At 2:02 pm, Railtel shares were trading 3.03% lower at Rs 445 on NSE.