Shares of Railtel Corporation were trading in the green and 2% higher on 9 January after the company announced securing an order worth Rs 39.88 crore from the Bihar Education Project Council.

In its regulatory filing, the company said that it had received an order from the Bihar Education Project Council for the supply of teaching-learning material for classes 4th to 5th that has to be executed by 28 February 2024.

Earlier, the company secured an order worth Rs 35 crore from RVNL for providing Data Centre Hosting and Application Support services, which is for a period of three years, and the company will execute the order by 28 February 2027.

Sanjay Kumar, CMD of Railtel Corp, said that they are very optimistic about the significant growth of contracts in the railways signalling segment and are hoping to secure nearly 15% of the total railway signalling and telecom sector project that has an estimated value of Rs 1 lakh crore.

In its quarterly report for July-September, the company reported a 23.53% year-on-year increase in its net profit to Rs 68.15 crore during the quarter from Rs 55.17 crore reported in the same quarter of the previous fiscal year.

At 3:30 pm, the shares of Railtel Corporation closed 0.45% higher at Rs 348.70 on NSE.