RailTel shares touched a day high of Rs 255.35 on 8 October, after it disclosed a Rs 63.81 crore order from Northern Coalfields Limited.

RailTel Corporation of India Limited, a state-run telecom firm, told the exchanges that Northern Coalfields (NCL), a Coal India subsidiary, has given it a domestic work order.

The order is worth Rs 63.81 crore including taxes. RailTel received the order on 7 October, and NSE got the filing the following day.

RailTel will set up a private, secure data network called MPLS VPN that links NCL’s offices and project sites.

Think of it as a dedicated line that keeps company data off the open internet.

The link will cover NCL’s headquarters, its projects and units, plus its data centre and disaster recovery centre.

All of it supports NCL’s rollout of an ERP system, software that runs a company’s day-to-day work from one place.

The contract runs until 30 October 2031. RailTel will supply the connectivity on a rental basis for five years.

RailTel said its promoter has no interest in the customer. It is not a related-party transaction.

RailTel has stacked up several orders in recent months. On 20 August, it won a Rs 164.79 crore MPLS VPN order from Western Coalfields Limited.

A Rs 63.15 crore letter of intent from Prasar Bharati followed on 16 September, and a Rs 21.57 crore contract from the Central Mine Planning and Design Institute came on 25 September.

RailTel also sent the exchanges another order intimation on 6 October. The company’s Rs 1.25 per share dividend went ex on 13 August.

At 14:57 pm, it’s trading at Rs 248.70 on NSE, down Rs 5.95 or 2.34% from the previous close of Rs 254.65.

Over the past week, the stock has lost 3.29%, and over one year it has fallen 36.37%. Its market value is about Rs 7,983 crore.

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