Shares of Railtel Corporation of India Ltd rallied 4% on 9 June after the company announced securing multiple orders. 

The business informed investors on Saturday that it had received two orders. 

The first order is from the State Project Director (Spd) of Bihar Education Project Council (Bepc), which issued an order worth around Rs 243 crore. The deal requires the company to offer a student kit to students in Bihar’s government schools from grades 1 to 12.

“This is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from the State Project Director (Spd) Bihar Education Project Council (Bepc) for Supply amounting to Rs 2,43,11,35,577 (Including Tax),” the filing read. 

According to another filing, the company has obtained a work order of Rs 15 crore from the Department of Education Samagra Shiksha. The contract requires the corporation to supply UPS and printers to 5507 GPS across Himachal Pradesh.

“This is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from the Department Of Education Samagra Shiksha for Supply amounting to Rs 15,96,54,450 (Including Tax),” the filing read. 

RailTel Corporation of India Ltd. is a public-sector company under the Ministry of Railways.  It runs a countrywide broadband, telecom, and multimedia network and offers connectivity and ICT services throughout India.  

RailTel is also active in the improvement of railway operations and administrative network systems. The company operates a high-capacity pan-India network and supports a variety of digital infrastructure initiatives.

At 2:08 pm, the shares of RailTel were trading 2.20% higher at Rs 453.90 on NSE.

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