Shares of RailTel Corporation of India Ltd rose 2.5% to a day’s high of Rs 379.15 on 12th September after the company secured two major orders—a Rs 70.94 crore contract from Nashik Municipal Smart City Development Corporation Ltd and a Rs 32.51 crore order from Panvel Municipal Corporation.

The Nashik contract, worth Rs 70.94 crore, involves building and maintaining the city network backbone for Nashik and Trimbakeshwar. It is to be completed by 31st December 2026.

The Rs 32.51 crore Panvel contract, to be finished by 19th March 2031, covers supply, installation, and SDWAN-based internet connectivity. This is part of the Panvel Safe City Project.

Earlier on 9th September, RailTel said it had received multiple orders from other agencies.

At 12:45 PM, the shares of RailTel were trading 2.30% higher at Rs 371.75 on NSE.

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