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RailTel Shares Gains 3% on Securing Rs 68 Crore Order from Jammu Smart City

The shares of the company have rallied more than 95% over the period of one year.

Shares of RailTel were trading close to their 52-week high on 6 October after the company announced securing a major order worth Rs 68 crore.

The order is to design, supply, install, test, commission, and operations and maintenance of the disaster recovery centre and data centre for the Integrated Command and Control Centre (ICCC) for Jammu Smart City Ltd.

In August, the company also received a work order worth Rs 700 crore from Pimpri Chinchwad Smart City Limited (PCSCL).

The company also secured another order in August from the Centre for Railway Information Systems for the procurement of cloud infrastructure for its Next Generation Passenger Reservation System of Indian Railways for an order value of Rs 78.58 crore.

The shares of the company have rallied more than 95% over the period of one year, compared to a 13% rise in the Nifty 50 index during the same period.

At 3:30 pm, the shares of RailTel closed at Rs 218 or 1.77% above its previous close on NSE.

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