RailTel Corporation of India shares hit an intraday high of Rs 257.15 on 14 October after the firm won a Rs 197.18 crore order from SBI.

The cause was a purchase order from State Bank of India, which RailTel flagged to exchanges on 14 October. The state-run telecom firm will keep running the bank’s data networks for the next five years.

RailTel supplies the private, secure connections that link SBI’s branches to its data centres and backup sites.

The order covers those links, along with direct point-to-point lines across India. The bank asked to continue the service at revised rates, and RailTel did not say what the old rates were.

The order is worth Rs 197.18 crore before tax. It runs from 1 April 2026 to 31 March 2031. It is a domestic telecom order.

RailTel said its promoters and group companies have no interest in SBI, so it is not a related party transaction.

Put simply, the filing shows no link between RailTel’s promoters and the bank. RailTel has been busy this month.

On 13 October it won a Rs 48.98 crore job from Odisha’s Higher Education Department to build 83 digital modules for a governance platform.

On 9 October, the Ministry of Railways gave it a Rs 19.45 crore order for a digital platform. Northern Coalfields signed a Rs 63.81 crore network deal on 8 October.

At 15:00 pm, RailTel shares traded at Rs 253.90 on NSE, up by Rs 2.30 or 0.91%. About 7.96 lakh shares had changed hands, worth Rs 20.22 crore. The broader Nifty 50 was down 0.50% at the same time.

The stock is still down about 30.61% over the past year. Its 52-week range runs from Rs 245 to Rs 391, and the company’s market value is about Rs 8,149 crore.

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