Shares of RailTel Corporation of India Ltd rose 2% to touch a day’s high of Rs 426 on 15th July, after the company announced yesterday that it had received a work order worth Rs 264 crore (including tax) from East Central Railway for the implementation of the Kavach system, the indigenous Train Collision Avoidance System (TCAS).

The contract covers the installation of the Kavach system on 607 km of low-density railway tracks under the East Central Railway. The project is expected to be completed by 14th July, 2027.

Just last week, RailTel received another government order worth Rs 17.47 crore from the General Administration Department (GAD) of Chhattisgarh.

This order includes setting up a modern communication system with WLAN, LAN, EPBAX, network connectivity, hardware, and long-term maintenance. The project deadline is 14th January, 2031.

With these new orders, RailTel’s total order value for July has crossed Rs 130 crore.

At 11:59 AM, the shares of RailTel were trading 2.05% higher at Rs 418.30 on NSE.

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