Shares of Railtel Corporation of India Ltd hit a 52-week high of Rs 374 on 3 January after the company announced securing a work order worth Rs 35 crore.

In its regulatory filing, the company said that it had secured a work order for data centre hosting and application support services from Rail Vikas Nigam Ltd for a total consideration of Rs 35.08 crore.

The minimum service duration for this order will be 3 years, but it will have an option to extend for 1 or more years.

On 28 December, the company bagged another order worth rs 120.45 crore from South Central Railway for comprehensive signalling and telecommunication works to provide an automatic block signalling system in the Yermaras-Nalwar section of the Guntakal division in the South Central Railway.

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 last year.

The net sales during the quarter stood at Rs 599.12 crore, which is a 41% YoY increase from Rs 425.12 crore reported in the same quarter of the previous fiscal year.

At 3:30 pm, the shares of Railtel Corporation closed 2.56% higher at Rs 363 on NSE.