RailTel won a ₹22.78 crore GPU computing order from the Department of Posts, boosting its stock to a day high of ₹230.90 on Thursday.

The timing matters. RailTel opened at Rs 230.90, which was also its high for the day, about 1% above the previous close of Rs 229.30.

The company made its filing public only around noon, and by then the stock had slipped. The day’s low of Rs 220.85 is also a fresh 52-week low.

RailTel Corporation of India Limited told exchanges that the Department of Posts sent a Letter of Acceptance on Wednesday. That letter is the formal go-ahead for the work.

The job covers dedicated GPU computing and storage services. A GPU is a powerful chip built to handle heavy computing work and large amounts of data.

The contract runs on an OPEX basis. In plain terms, the department pays for the service rather than buying the equipment outright.

The estimated value is Rs 22.78 crore including tax. RailTel will deliver the services for five years, up to 30 November 2031. It is a domestic order.

The company said the deal is not a related-party transaction and made the disclosure under Regulation 30 of SEBI’s listing rules.

The Department of Posts has been a steady customer. On 27 October, RailTel announced two orders worth Rs 159.26 crore in total.

One was a Rs 131.88 crore (excluding tax) Letter of Acceptance from the Directorate of Postal Life Insurance.

In August, the company also received a Rs 119.19 crore order for Postal Life Insurance cloud services.

RailTel is a Navratna public sector company under the Ministry of Railways, offering broadband, data centre, cloud and cybersecurity services to government departments.

Separately, its Re 1 interim dividend goes ex on 30 October.

At 14:52 pm, RailTel shares were trading at Rs 227.75 on the NSE, down Rs 1.55 or 0.68% from the previous close of Rs 229.30.

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