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RAILTEL
el Corporation of India Ltd has been appointed as the Project Implementing Agency (PIA) by the Ministry of External Affairs for the procurement and supply of 2,000 AI-enabled laptops valued at ₹14.40 crore.
The company received the Letter of Acceptance (LoA) for the order, which has an estimated value of ₹14,40,41,500.
Despite the positive development, RailTel shares traded nearly flat in early trade on Monday. At 9:19 am, the stock was quoting at ₹333.00 on the BSE, down ₹1.20 or 0.36%.
This is the third significant order win announced by RailTel in the past week. Last week, the company secured:
₹63.93 crore order from Central Public Works Department (CPWD) for design and implementation of ICT network for 5 years.
₹48.78 crore (excluding tax) contract from Mumbai Metropolitan Region Development Authority (MMRDA) for design, development, and implementation of a regional information system.
With a strong order pipeline in government and PSU segments, RailTel continues to strengthen its position in the rail and telecom infrastructure space.#StockInNews#WatchOutFor#Budget2025
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