RailTel shares rise 4% after securing Rs 165 crore order from Western Coalfields
RailTel Corporation of India shares gained nearly 4% after the company secured a Rs 164.79 crore work order from Western Coalfields Limited, taking its August order wins to five worth around Rs 551.44 crore. The latest contract involves setting up an MPLS VPN network on a rental basis for 60 months, adding to the company’s growing order pipeline across key public-sector and infrastructure…
RailTel Corporation of India's shares experienced a nearly 4% increase in Friday's trading session following the company's acquisition of a Rs 164.78 crore contract from Western Coalfields Limited. This surge in stock price was the result of investors reacting favorably to the latest contract and RailTel's growing order pipeline.
The contract, awarded on August 19, 2026, involves the establishment of an MPLS VPN network for Western Coalfields Limited on a rental basis for a period of 60 months. The company is expected to complete the execution by September 20, 2031. It is worth noting that neither RailTel's promoters nor its group companies have any direct interest in Western Coalfields Limited, and the contract does not fall under the category of a related-party transaction.
This latest order is part of a successful streak for RailTel, with the company securing five major contracts in August, totaling approximately Rs 551.44 crore. These recent wins have solidified RailTel's position in key public-sector and infrastructure sectors, including coal, railways, ports, postal services, and social-security infrastructure.
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